Tisco Bank expects its non-performing loans (NPLs) to rise this year as the bank focuses on high-yield loans in an effort to enhance returns.
According to chief financial officer Chatri Chandrangam, the bank anticipates NPLs increasing throughout the year, primarily because of a concentration on high-yield loans, especially for its car title loan products.
The auto cash service is operated by the bank’s subsidiary Hi-Way Co under the Somwang brand.
Tisco Financial Group, the holding company of Tisco Bank, informed the Stock Exchange of…
