THURSDAY, March 28, 2024
nationthailand

T-Leasing expects market to perform better in second half

T-Leasing expects market to perform better in second half

T-LEASING - a motorcycle-leasing service under MBK Group - reported strong performance in the first half of 2015, during which the company posted a 16-per-cent year-on-year increase in new loans.

T-Leasing is now working to secure its customer base in Bangkok while also expanding its reach across various industrial zones in order to achieve this year’s target of Bt2.5 billion in total loans. 
“Competition among motorcycle manufacturers was very intense throughout the first half of 2015,” said managing director Mongkol Peanpitakkit. “Many new promotional campaigns were launched to attract customers, while T-Leasing began to focus more on motorcycle buyers in industrial areas. With services available every day of the week and the political situation showing greater stability than in the previous year, we have seen new loans increase by 16 per cent.
“We expect the market to perform even better in the second half of the year, thanks to growth factors like the addition of new models from various motorcycle brands. Thailand’s integration into the Asean Economic Community will also lead to an influx of foreign labour from neighbouring countries, which in turn will boost motorcycle demand further. 
“Based on these factors, we expect T-Leasing to finish the year with a total loan portfolio worth Bt2.5 billion.”
He said T-Leasing’s business was based on a customer-centric strategy that prioritises customer outreach and in-depth analysis of their needs, all of which feed into the development of products, services and marketing activities that respond to their demands and foster positive relationships. 
“Lifestyle-oriented” activities and special privileges for customers with strong track records also serve to create new experiences and good impressions of the company’s products and services, he said.
“While there are concerns over rising household debt, T-Leasing’s careful risk management and business policies, combined with a skilled and experienced team, have helped maintain debt quality at a normal level. We are confident that our non-performing-loan ratio will be well within accepted standards,” Mongkol said.
 
nationthailand