Vision
“Year of Global Standards”
Mission
01.
The company will remain the microfinance industry leader, recognized by customers, financial institutions, and stakeholders locally and globally, while ensuring continued loan portfolio growth.
02.
The company aims to enhance nationwide funding access by adding around 600 new sub-district and village branches annually.
03.
The company will maintain prudent lending, improve debt recovery, control non-performing loans, minimize asset disposal losses, and set clear targets for loan loss provisions.
04.
The company will maintain prudent lending, improve debt recovery, control non-performing loans, minimize asset disposal losses, and set clear targets for loan loss provisions.
05.
The company will prioritize increasing its customer base.
06.
The company is committed to good corporate governance and UN standards to gain recognition and access funding from top global financial institutions.
Business Overview
Muangthai Capital Public Company Limited and its subsidiary ("The Company") was founded by Mr. Chuchat Petaumpai and Mrs. Daonapa Petampai since 22 May 1992.
The company is considered a non-bank financial institution providing vehicle title loan services under the license granted for Personal Loan under Supervision for Non-Bank Operator, regulated by the Bank of Thailand, primarily to retail customers. The eligible collateral vehicles encompass motorcycles, cars and agricultural vehicles registered with the Department of Land Transport. Additionally, the company has expanded its lending services to cover loans secured by land title deeds, personal loans, nano finance, motorcycle hire purchase and buy now, pay later for catering extensively to customer needs. Moreover, the company acts as an intermediary for selling compulsory insurance and personal accident insurance to both our clientele and the public at large.
Our Products
The company provides vehicle title loans to general customers with a license to operate a Personal Loan Business under the Supervision of the Bank of Thailand. The license for operating personal loan businesses permits an interest rate of up to 24% per year, securing various types of vehicles including motorcycles, cars, pickups and agricultural vehicles registered with the Department of Land Transport.
The company provides land title deed loans, considering the ticket size based on the proportion of the land value, with an interest rate not exceeding 15% per year.
The company provides unsecured personal loans with a license to operate a personal loan business to customers who have a history of repaying vehicle registration loans with the company and have a good repayment history because the loan is granted without collateral. The mentioned license allows the company to charge interest at a rate not exceeding 25% per year.
The company provides nano finance loans under a license to operate a Nano Finance Business under Supervision, supervised by the Bank of Thailand. These are unsecured loans, with the license allowing an interest rate of up to 33% per year.
The loans are exclusively intended for productive purposes, offered to customers with secured loan contracts and a consistently strong repayment history.
The Company operates under the Muangthai Leasing Company Limited (“MTLS”). operates the new motorcycle leasing to customers having the vehicle title loans with the company who have good payment history and want to buy a new motorcycle by leasing through the company’s branches.
Muangthai Leasing Insurance Broker Limited (“MTB”), engaging in the insurance broker business, selling compulsory motorbike insurance, compulsory car insurance and personal accident insurance, as well as providing annual vehicle tax services.
Muangthai Pay Later Company Limited ("MTPL"), provides installment loans for general merchandise and agricultural products, such as electrical appliances, water pumps, spraying machines and more, under the slogan “Buy Now, Pay Later”
Strengths and Strategies
The company focuses on growth by expanding the customer base through the expansion of branches to cover all areas in the country. The ultimate goal is to help improving financial inclusion of those unable to access funding from banks by being their alternative funding sources with fair and transparent financial costs. The company believes that distributing financial access to the people will help reduce financial inequality in the country which is the cornerstone of a sustainable economic system.
and continues to focus on expanding our service channel to cover all regions in Thailand from provinces to districts, districts to sub-districts.
Company's History and Milestones of Success
More than
30 Years of MTC
Commencing with a registered capital of 2 million baht, focused on motorcycle hire purchase, encompassing both new and pre-owned motorcycle across diverse brands. Operating through dealership networks spanning Phitsanulok province and other lower northern regions like Sukhothai, Kamphaeng Phet and Phichit, our clientele included salaried individuals, daily wage earners, farmers and general laborers. Subsequently, our portfolio expanded to encompass vehicle title loans, catering to customers completing their motorcycle lease installments per contract terms. Furthermore, we diversified our offerings by introducing a variety of vehicles, including cars and agricultural machinery, broadening our service scope. In 2001, our company rebranded from D.S. Leasing Company Limited to Muangthai Leasing Company Limited on August 28th. Eventually, we phased out motorcycle leasing due to manufacturers and distributors directly providing this service, intensifying market competition among service providers.
“INTIMATE SERVICES LIKE CLOSED
FAMILY MEMBERS”
Muangthai Capital provides services to primarily local individual customers. Therefore, the company places importance on building good relationships with customers, emphasizing the slogan "Intimate Services Like Closed Family Members” This has garnered continuous trust from customers to use the company's services. To accommodate this growth, the company has continuously expanded branches to increase coverage nationwide.
Our History
- Rated an “AAA” rating in the SET ESG Ratings.
- Received Thailand Capital Markets Deal Award from IFR Asia Awards 2024
- The company has been evaluated by Microfinanza Rating S.R.L. (MFR) and DEG to process on the Client Protection Certificate Pathway.
- The company received financial support from Bank of China (BOC).
- First in the industry that IFC invests USD50M in a gender-inclusive social bond issued by Muangthai Capital Public Company Limited.
- First in the industry that Issued the first offshore social bond, totaling USD335M.
- Fitch Ratings has assigned a long-term issuer default rating of "BB" and a national long-term rating of "A-(tha)", outlook stable.
- S&P Global Ratings has assigned a long-term issuer credit rating of "BB-", outlook stable.
- The company received the Best CEO, Best CFO, and Best IR awards in the Finance and Securities Sector from the Investment Analysts Association at the IAA Awards for Listed Companies 2024.
- The company has been announced the result of corporate governance assessment of listed companies in the Stock Exchange of Thailand for the year 2024 as being in the “Excellent” level (5 stars) for seven consecutive years by Thai Institute of Directors Association (IOD).
- The company has received “Excellent” (4 coins) rating for a quality assessment from the Thai Investors Association in evaluating the quality of organizing the 2024 Annual General Meeting of Shareholders.
- The company has been ranked in the SET ESG Rating List for six consecutive years and achieved a “AAA rating” for the first time.
- The company has been evaluated by MSCI for its environmental, social and corporate governance performance, known as ESG, and has received “AA” level in the Consumer Finance sector for three consecutive years.
- Rated an “AAA” rating in the SET ESG Ratings.
- Received Thailand Capital Markets Deal Award from IFR Asia Awards 2024
- The company received financial support from the DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH and Sumitomo Mitsui Banking Corporation (SMBC).
- The company has been announced the result of corporate governance assessment of listed companies in the Stock Exchange of Thailand for the year 2023 as being in the “Excellent” level (5 stars) for six consecutive years by Thai Institute of Directors Association (IOD).
- The company has received “Excellent” (4 coins) rating for a quality assessment from the Thai Investors Association in evaluating the quality of organizing the 2023 Annual General Meeting of Shareholders.
- The company has been received “A Rating” in the Thailand Sustainability Investment (THSI) by SET ESG Rating List from the Stock Exchange of Thailand for five consecutive years.
- The company has been evaluated by MSCI for its environmental, social and corporate governance performance, known as ESG, and has received “AA” level in the Consumer Finance sector.
- The company has been confirmed with a credit rating of BBB+ with a Stable outlook by Tris Rating Company Limited.
- The company has maintained its position on the sustainable stock index of the Stock Exchange of Thailand for four consecutive years.
- The company achieved a rating of “AA” in the consumer finance business group by MSCI, in the area of environmental, social and corporate governance performance evaluation
- The company been recognized for excellent corporate governance by the Thai Institute of Directors Association in the securities market for the year 2022 with an “Excellent” (5-star) rating for five consecutive years.
- The company received the “Thailand Top Corporate Brands 2022” award for two consecutive years, acknowledging its status as the highest-valued corporate brand in the securities and capital business category. This award was a result of research conducted in the “Measurement of Organizational Brand Value in ASEAN and Thailand for the year 2022” conducted by the Master in Branding and Marketing, Faculty of Commerce and Accountancy, Chulalongkorn University.
- On November 8, 2022, during a meeting, the decision was made and approved to increase the registered capital of the subsidiary company, “Muangthai Pay Later Company Limited” by 900 million baht, from the original registered capital of 100 million baht to 1,000 million baht (10 million ordinary shares, par value 100 baht per share), with the company holding 99.99 percent of the shares.
- The company received financial support from the Japan International Cooperation Agency (JICA) and Sumitomo Mitsui Banking Corporation (SMBC).
- The company has been confirmed with a credit rating of BBB+ with a stable outlook by Tris Rating Company Limited.
- The company has consecutively been listed in the Stock Exchange of Thailand's sustainable stock index for three consecutive years.
- The has received an “A” evaluation for its environmental, social and corporate governance performance for two consecutive years in the MSIC Consumer Finance Sector.
- The company has been selected as a member and ranked in the FTSE4Good Index, specifically in the FTSE4Good Emerging Index group by FTSE Russell, scoring 3.5 out of 5, which equals 1.4 times the industry average score.
- The company was honored with the GLOBAL BANKING & FINANCE AWARDS® 2021 by Global Banking & Finance Review in “The Next 100 Global Awards 2021” category, being the sole non-banking financial institution and the only Thai company to receive this award.
- The company was awarded the “Thailand Top Corporate Brands 2021” for having the highest organizational brand value in the capital and securities business. This recognition was a result of research on “Measuring Organizational Brand Value in ASEAN and Thailand for the fiscal year 2021” conducted by the Master in Branding and Marketing, Faculty of Commerce and Accountancy, Chulalongkorn University.
- On October 18, 2021, a resolution was passed to establish a subsidiary company named 'Muangthai Pay Later Company Limited’ (“Muangthai Pay Later”), with a shareholding percentage of 99.99 and a registered capital of 100 million baht (1 million ordinary shares valued at 100 baht per share). The company made a payment of 50 million baht for the shares to Muangthai Pay Later Company Limited in November 2021.
- The company been recognized for excellent corporate governance by the Thai Institute of Directors Association in the securities market for the year 2021 with an “Excellent” (5-star) rating for four consecutive years.
- The company has been confirmed with a credit rating of BBB+ with a Stable outlook by Tris Rating Company Limited.
- The company has been rated A by MSCI ESG Index.
- The company has been selected for inclusion in Thailand’s Sustainability Investment Index (THSI) for two consecutive years by the Stock Exchange of Thailand.
- The company has been selected for inclusion in the FTSE4Good Index for the first time.
- The company received the Thailand Corporate Excellence Awards 2020.
- The company was honored at the SET Awards 2020.
- The company has been recognized for excellent corporate governance by the Thai Institute of Directors Association in the securities market for the year 2022 with an “Excellent” (5-star) rating for three consecutive years.
- The company has obtained a new license for personal loans under the supervision of the Bank of Thailand for providing personal loans and vehicle title loans, effective from February 1, 2019.
- On February 26, 2019, during the company's board meeting, the establishment of a subsidiary company “Muangthai Leasing Company Limited” with a registered capital of 20 million baht was approved. This subsidiary is formed with 200,000 ordinary shares valued at 100 baht per share, primarily to engage in the business of motorcycle hire purchase. The company holds a 99.99 percent stake in this subsidiary.
- The credit rating agency, Tris Rating Company Limited, has been upgraded from BBB to BBB+ enabling the company to conduct its initial public offering (IPO) for the first time on February 22, 2019, raising a total of 4,000 million baht.
- The company has been selected for inclusion in the FTSE index, received an A rating in the MSCI ESG Index
- The company has been listed on Thailand's Sustainability Investment Index (THSI) for the first time, organized by the Stock Exchange of Thailand.
- The company has been certified as having completed the self-assessment process for having comprehensive policies and practices to prevent internal corruption, meeting the criteria set by the Thai Private Sector Collective Action against Corruption (CAC)
- The company received the Board of the Year 2018 award from the Thai Institute of Directors Association.
- The company was honored with awards at the SET Awards 2019, including the Outstanding Company Performance Awards and Outstanding CEO Awards.
- The company has been recognized for excellent corporate governance by the Thai Institute of Directors Association in the securities market for the year 2022 with an “Excellent” (5-star) rating for two consecutive years.
- The company changed its name from Muangthai Leasing Public Company Limited to Muangthai Capital Public Company Limited on April 26, 2018.
- The company launched the “Muangthai Capital 4.0” mobile application, which can be used on both Android and iOS systems for the first time.
- The company was evaluated for corporate governance by the Thai Institute of Directors Association (IOD) and received the “Excellent” rating in 2018 for the first time.
- The company was selected for inclusion in the MSCI Global Standard Indexes.
- Opened more branches to expand service areas in each region; 66 more branches in the North, 226 more branches in the North-East, 389 more branches in the Central, and 79 more branches in the South. Total number of new branches was 760 branches.
- Launched more channel for customer to pay back through Big C , Tesco Lotus and AirPay
- Opened the fifth auction center in Nakhon Ratchasima province to facilitate the auctions for branches throughout the North Eastern region. The first auction was on 27 July 2017.
- Opened more branches to expand service areas in each region; 87 more branches in the North, 282 more branches in the North-East, 282 more branches in the Central, and 73 more branches in the South. Total number of new branches was 724 branches.
- Launched more channel for customer to pay back through counter services
- The company obtained a license to operate from the Ministry of Finance on May 26, 2015, for conducting Nano Finance Business Under Supervision and land title deed loans.
- The company registered with the Stock Exchange of Thailand and began trading for the first time on November 26, 2014.
- Increased the registered capital of 315 million baht, from 1,260 million baht to 1,575 million baht, by issuing new common stock of 3,150,000 shares with the par value of 100 baht. The shares were offered to the existing shareholders and the fund were used for expanding lending portfolio.
- Increased the registered capital of 160 million baht, from 1,100 million baht to 1,260 million baht, by issuing new common stock of 1,600,000 shares with the par value of 100 baht. The shares were offered to the existing shareholders and the fund were used for expanding lending portfolio.
- Opened the first and second car auction centers, in Phitsanuloke province and Ayudhaya province to facilitate the auctions for branches throughout the Northern, the Central and the Eastern region.
- The company applied for a license from the Ministry of Finance to conduct personal loan business under the supervision of the Bank of Thailand, receiving the license on August 31, 2006.
- The company changed its name from D.S. Leasing Company Limited to Muangthai Leasing Company Limited on August 28, 2001.
- D.S. Leasing Company Limited was established on May 22, 1992 by Mr. Chuchat Petaumpai and Mrs. Daonapa Petampai, initially registered with a capital of 2 million baht to operate the motorcycle leasing business through distributors in the lower northern region.