Muang Thai Capital (MTC) has unveiled its ambitious strategic plan for 2025, targeting significant growth and expansion across Thailand. The company aims for its loan portfolio to grow by 15% and plans to open 600 new branches nationwide.
According to MTC's Deputy Managing Director, Parit Phetumpai, the strategic initiatives come at a time when the national economy is unstable, highlighting the importance of accessible, high-quality financial services for small entrepreneurs and low-income clients. "Access to quality funding is key for businesses, especially during these fluctuated economic times," Parit said during the announcement.
MTC's growth strategy is built on flexibility and customer-centric lending practices. It promises to stay committed to responsible loan approvals, emphasizing borrowers' ability to repay. The company aims to reduce non-performing loans (NPLs) to below 2.7%, promoted by government schemes such as "You Fight, We Help." This initiative aims to provide financial leeway to borrowers, enhancing their recovery potential.
Alongside these efforts, MTC is pushing forward with the development of technology to improve customer experiences. The firm noted, "We are dedicated to leveraging technology to deliver unmatched service quality at every level of interaction." This commitment appears to target long-term customer retention and stable operational efficiency.
With regards to its performance metrics, MTC has established itself as a leader in the microfinance sector. It has earned top ratings amid corporate governance assessments, achieving the highest "Excellent" rating (5 stars) for the seventh consecutive year. Its dedication to sustainable practices has also been recognized with AAA ratings for its commitments to Environmental, Social, and Governance (ESG) criteria.
Globally, MTC has secured its position with ratings from the Fitch Global Credit Rating of "BB" and "A- (Tha)" for its domestic assessments. Such evaluations bolster MTC's reputation and trust among international financial partners, including the Japan International Cooperation Agency (JICA) and the German government.
Notably, MTC became the first non-bank financial institution (NBFI) to issue social bonds valued at $335 million, attracting interest from international institutional investors. This move exemplifies its aim to provide sustainable growth opportunities and social impact within the local community.
Parit concluded, "Our goal is to maintain financial stability for local businesses, contributing positively to Thailand’s economy and improving the quality of life for citizens." MTC's steadfast approach reflects its commitment to impact through responsible lending and governance.
The firm’s strategic growth could be pivotal for the Thai economy as it navigates through challenging financial landscapes. Through its targeted initiatives and expansion plans, MTC seems poised to offer not just financial services, but also significant support to various sectors throughout the country.