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Friday, April 26, 2024

Two-pronged approach for Tisco Financial

Mr Sakchai says given rising interest rates, corporate borrowers would benefit from floating rate loan products this year.

Tisco Financial Group, a holding company of Tisco Bank, plans to focus on what it considers two businesses related to S-curve industries: auto title loans and corporate banking.

A mixed strategy between high-yield loans and a low-risk business should contribute better returns with acceptable downside probability for the group, said group chief executive Sakchai Peechapat in an exclusive interview with the Bangkok Post.

Auto title loan growth

Mr Sakchai said Tisco has offered auto title loans for 16-17 years, growing the business in terms of both loan portfolio and revenue.

The group set an ambitious goal to…

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