MTC sees healthy loan growth
Chief executive Parithad Petampai said MTC continues to serve the grassroots economy through its vast network of more than 8,400 branches nationwide, offering fair interest rates and accessible financial services to reduce reliance on informal lending sources.
For the second quarter, MTC reported a total loan portfolio of 175 billion baht, up 13% year-on-year, while total revenue rose 10.4% to 7.55 billion baht. Net profit for the quarter tallied 1.65 billion baht, marking a 14% increase.
For the first half of 2025, the company achieved total revenue of 14.8 billion baht, up 9.84% year-on-year, with net profit surging 13.6% to 3.22 billion baht.
The company posted growth even as the Thai economy showed signs of a slowdown in the first half, pressured by a soft tourism recovery, rising global economic uncertainties and trade policy headwinds influenced by the US, he said.
Mr Parithad said MTC remains confident in its expansion strategy going forward.
"We are committed to providing inclusive, transparent and fair financial services that empower underserved communities, strengthen the Thai economy from the ground up and support long-term social and environmental sustainability," he said.
MTC's efforts aim to build trust and credibility among customers, investors and stakeholders, said Mr Parithad, adding the company received a five-star (excellent) corporate governance rating from the Thai Institute of Directors for seven consecutive years.
The company also holds an AAA ESG rating from the Stock Exchange of Thailand and an AA rating from the MSCI ESG Index.
Fitch Ratings affirmed MTC's national long-term rating at A-(tha), underscoring its strong financial profile and leadership in the microfinance sector.
MTC has partnered with top-tier global financial institutions such as the International Finance Corporation, Japan International Cooperation Agency and Germany's KfW DEG. These collaborations reflect MTC's commitment to expanding its funding base and enhancing the financial capabilities of its customers while promoting economic inclusion and sustainable development.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bangkok Post
3 minutes ago
- Bangkok Post
Chevron, BCPR partner on Gulf of Thailand project
Bangkok, August 5, 2025 — In a significant step towards bolstering Thailand's energy security, a new partnership has been launched between Chevron Offshore (Thailand) Limited (COTL) and BCPR Co., Ltd. (BCPR) for petroleum exploration and production in Block G2/65 in the Gulf of Thailand. Formalised under a Production Sharing Contract (PSC) model, the collaboration was officially marked at a recent ceremony presided over by Dr Prasert Sinsukprasert, Permanent Secretary of the Ministry of Energy. The event also commemorated the Minister of Energy's authorisation of BCPR's participation—an affiliate of the Bangchak Group and a leading Thai energy company—via the issuance of Supplementary Production Sharing Contract (No. 1). The partnership is expected to advance exploration and development activities in the block. The ceremony was attended by Dr Prasert; Mr Warakorn Brahmopala, Director-General of the Department of Mineral Fuels; and senior executives from the Department of Mineral Fuels, Chevron, and Bangchak. Representing Chevron were Mr Chatit Huayhongtong, President of Chevron Thailand Exploration and Production Ltd., and Mr Ronnarong Chanleka, General Manager of Chevron Offshore (Thailand) Limited. From Bangchak Group, attendees included Mr Pairoj Kaweeyanun, Director of Bangchak Corporation Public Company Limited and BCPR; Mr Chaiwat Kovavisarach, Group Chief Executive Officer and President of Bangchak Corporation; Ms Phatpuree Chinkulkitnivat, Chief Financial Officer and Senior Executive Vice President, Accounting and Finance, Bangchak Corporation and Director of BCPR; and Mr Komut Maneechai, Vice President of BCPR. The event marked BCPR's official entry as a co-venturer in the exploration block, underscoring the importance of robust industry collaboration to advance domestic energy development and meet the nation's growing needs. Dr Prasert commented, 'The Department of Mineral Fuels, Ministry of Energy, as the regulator overseeing petroleum exploration and production, has thoroughly reviewed and verified the criteria for participation in Block G2/65 under the PSC system by BCPR Co., Ltd. The process was completed in full compliance with legal procedures and has been approved by the Minister of Energy. This marks a significant opportunity for the petroleum industry, as a new Thai investor joins the sector. It also presents a valuable learning opportunity for BCPR personnel, who will gain insights into developing petroleum fields with complex geological conditions in the Gulf of Thailand from Chevron—an experienced operator both locally and globally. This collaboration will help prepare BCPR to become a future operator in Thailand's petroleum sector. The signing of this supplementary PSC plays a vital role in ensuring continuity in domestic energy supply and serves as a foundation for economic growth and long-term energy resilience.' Mr Chatit Huayhongtong, President of Chevron Thailand Exploration and Production Ltd., said, 'The future of energy will be built on strong partnerships and a shared understanding of the critical role energy plays in economic and community development. Our partnership with BCPR, a Bangchak Group affiliate, represents a fusion of Chevron's world-class knowledge and innovation with our experience in petroleum exploration and production in the Gulf of Thailand—an upstream energy hub. This is complemented by Bangchak Group's strengths in Thailand's midstream and downstream sectors. The collaboration will support the development of Block G2/65, facilitate knowledge transfer and human resource development, and reinforce Chevron's commitment to providing reliable, affordable, and cleaner energy for Thailand.' Mr Chaiwat Kovavisarach, Group Chief Executive Officer and President of Bangchak Corporation Public Company Limited, added, 'This collaboration reflects a shared vision between strategic partners dedicated to strengthening Thailand's energy security. BCPR's participation in the development of Block G2/65 alongside Chevron, a global energy leader with a long-standing presence in Thailand, represents a meaningful milestone. It also offers an invaluable opportunity to learn from a world-class partner with expertise in advanced technology, large-scale project management, and human capital development. This builds upon the knowledge and experience BCPR has gained from its investment in OKEA in Norway. The partnership has been made possible through the support of the Ministry of Energy and the Department of Mineral Fuels, which continue to play pivotal roles in shaping the country's energy strategy. Chevron's decision to welcome Bangchak Group as a co-venturer marks the beginning of a high-potential, sustainable partnership.' In 2023, Chevron was awarded the Production Sharing Contract for Exploration Block G2/65 by the Department of Mineral Fuels, Ministry of Energy. The project is currently in the exploration phase. Under the agreement, Chevron has transferred 30% of its rights and obligations under the PSC to BCPR, making BCPR an official co-venturer, with Chevron continuing as the operator. The partnership aims to unlock the potential of Block G2/65, further supporting Thailand's long-term energy security.
Bangkok Post
34 minutes ago
- Bangkok Post
VietJet to hire at least 5,000 new Thai staff
VietJet Aviation plans to employ more than 5,000 new staff in Thailand as Vietnam's biggest budget carrier accelerates flight and route expansion to Southeast Asia's most popular travel destination. VietJet Thailand this year will start new direct flights to major Asian cities to tap regional air travel growth, according to astatement issued late Wednesday. The new markets include Japan, South Korea and India, it said. VietJet joins peers such as Thai Airways International and AirAsia that have opened new regional routes as Thailand quickens its push to become a major aviation hub. The government is expanding passenger capacity at its international airports in Bangkok and tourist hotspots such as Phuket and Chiang Mai to attract more airlines and travellers. VietJet Thailand is filling openings for positions including pilots, cabin crew, engineers, technicians and ground staff. The airline currently employs about 1,300 people in the country. The expansion comes after a London judge denied an attempt by the UK investment fund FitzWalter Capital to freeze VietJet's global assets over unpaid fees. VietJet's Thai unit posted a net income of 64 million baht in 2024, after a loss of 3.6 billion baht a year earlier, according to data from the Department of Business Development. Total revenue last year jumped 45% from a year earlier to 19 billion baht. VietJet Thailand's new routes will include Bangkok to Seoul, starting Oct 1; Bangkok to Osaka, launching Dec 1; Bangkok to Tokyo Narita International Airport, beginning Dec 15; Bangkok to Kolkata, India, starting Nov 16 and Bangkok to Ahmedabad, India, on Dec 4.
Bangkok Post
5 hours ago
- Bangkok Post
New Zealand Fruit Truck Rolls into Bangkok
Bangkok, August 6, 2025 – New Zealand Trade and Enterprise (NZTE) has officially launched its Made With Care New Zealand campaign in Bangkok, unveiling the debut of its Fruit Truck caravan. The campaign aims to bring premium fresh produce from New Zealand directly to Thai consumers, showcasing the country's commitment to food safety, quality, and sustainable farming practices. The launch event took place on 5 August at Lido Connect, Siam Square, and was attended by the Hon Todd McClay, New Zealand's Minister for Trade and Investment, during his official visit to Thailand. He was joined by H.E. Jonathan Kings, New Zealand Ambassador to Thailand; Suzy Fewtrell, New Zealand Trade Commissioner to Thailand; and Chatjen Tantakhom, Country Manager, New Zealand Trade and Enterprise Thailand. Also in attendance were senior executives from leading Thai retailers and import partners, whose long-standing collaboration has played a key role in bringing premium New Zealand produce to Thai consumers. Retailers included CP Axtra, Tops, Big C Supercenter, and Gourmet Market. Import partners present were City Fresh Fruit, Vachamon Food, Navatan World Fruits, and V.S.M. Fruits. 'I would like to thank our business partners in Thailand for playing such a vital role in expanding access to New Zealand produce across the country,' said Hon Todd McClay. 'In the past year, New Zealand exported more than NZ$97 million (approx. THB 1.9 billion) worth of fresh produce to Thailand. This reflects the trust Thai consumers place in our food high-quality, safe, and sustainably grown. Thanks to these partnerships, our growers can now offer their premium, branded fruits to more Thai consumers, more conveniently than ever before.' New Zealand is recognised globally for cultivating premium branded produce and Intellectual Property (IP) fruit varieties. The country continues to invest in developing new cultivars to provide more flavour and variety to consumers worldwide including those in Thailand. The Made With Care New Zealand Fruit Truck embodies this philosophy of care and craftsmanship, presenting a curated selection of New Zealand's finest fresh produce, including: Envy™ Apples – Sweet, crisp, aromatic, and beautifully coloured Jazz™ Apples – A family favourite, balanced between sweet and tangy Dazzle™ Apples – Bright red, juicy, and crunchy ideal for snacking, salads, smoothies, or baking Rockit™ Apples – A New Zealand innovation: naturally small, sweet, and snackable Tarzi Apples – Vivid red, crisp and juicy, with a distinct aroma Zespri™ Kiwifruit – Rich in Vitamin C and more than 20 essential nutrients per fruit Avanza™ Avocados – Smooth, creamy, and high in healthy fats, grown in New Zealand's pristine climate Throughout August, the Fruit Truck will visit popular locations across Bangkok, including Lido Connect Siam Square, Makro Ramintra, SWU Night Market, CentralWorld, Gateway Ekkamai, Skywalk Chaengwattana, and Lotus's Sukhaphiban. Consumers are invited to discover the freshness and flavour of New Zealand produce through this unique tasting experience.
