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Friday, March 29, 2024

Tisco looks to auto hire-purchase loans

Tisco Bank is ready to consider a new merger and acquisition deal, focusing on unsecured consumer loan business. (Photo: Pornprom Satrabhaya)

Tisco Bank is looking to acquire a new retail loan portfolio and sees greater opportunity in the auto hire-purchase loan segment as some business operators may be impacted by the new regulations pertaining to the ceiling interest rate of hire-purchase loans.

The bank is ready to consider a new merger and acquisition deal, focusing on unsecured consumer loan business.

The new regulations of the Office of the Consumer Protection Board (OCPB) on the ceiling interest rates of auto hire-purchase loans could affect some small businesses in this segment. However, the bank has yet to identify such…

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