Company’s History and Milestones of Success

Muangthai Capital Public Company Limited ("the Company"), formerly named D.S. Leasing Company Limited and changed to Muangthai Leasing Public Company Limited afterwards and founded by Mr. Chuchat Petaumpai and Mrs. Daonapa Petampai, was registered on 22 May 1992. At the beginning, the Company had the registered capital with the total of 2 million baht, and its operations are to offer hire purchase loans to all brand new and used motorcycles through its dealers in Phisanulok and other provinces in the lower northern region, such as Sukhothai, Kamphaeng Phet, Pichit, and so on. The target customers were people with daily or monthly regular incomes, agriculturists, and self-employed individuals. After that, the Company extended its product lines by offering a vehicle title loan to a customer with complete payment of his or her loan amount. In addition, the Company further extended its product lines by introducing an automobile title loan and an agricultural vehicle title loan to serve different groups of customers. In 2001, The company was renamed Muangthai Leasing Company Limited on 28 August, 2001; moreover, the Company discontinued the hire purchase loan, due to a highly-competitive market in which many motorcycle manufacturers and dealers started offering the hire purchase loan for their own customers.

28 Years of MTC

The Company founed since May 22, 1992

In 2006, the Company foresaw an opportunity to expand its business to a microfinance. Under the supervision of Bank of Thailand, the Company submitted an application to launch its microfinance business; the Company received a license certificate from the Ministry of Finance on 31 August 2006. Since 2006, the Company has provided microfinance services through its own branches.

In 2015, after receiving the approval from the Ministry of Finance on 26 May 2015, the Company extended its product lines to meet different needs of its customers, such as nano-finance loans (retail loans for microenterprises under the BOT’s supervision) and land title loans.

In 2016, the Company offered different loan payment channels via Counter Service or automatic payment machines.

In 2017, the company added more channels for customers through Big C, Tesco Lotus, and AirPay.

In 2018, the company changed the name from Muangthai Leasing Public Company Limited (MTLS) to Muangthai Capital Public Company Limited (MTC) on 26 April 2018. In addition to that, the company has progresses and developments in all dimensions, especially in the area of good corporate governance by providing fair and transparent services to the customers. This year, the company has launched a mobile application "Muangthai Capital 4.0" for iOS and Android systems to greatly facilitate customers to check the outstanding balance and find our branches. In this year, the company’s corporate governance has been assessed and received "excellent" score by Thai Institute of Director (IOD) for the first time. Moreover, the company has also been selected to be included in MSCI Global Standard Indexes.

In 2019, Muangthai Capital Public Company Limited has a strong growth in terms of business and ready to launch a new credit product “new motorcycle hire and purchase” to our good existing customers in order to expand and strengthening the customer base. Due to the company’s continuous development, strong growth and stable financial status since listing in the Stock Exchange of Thailand, the company recently received an upgrade in the credit rating from BBB to BBB+ by Tris Ratings, which is an important factor that encourages the company to first time offer public bonds in which enabling the company to access and diversify variety of funding sources. Besides, the company has also been selected to be included in the FTSE and has been rated A by the MSCI ESG Index. Moreover, the company received the prestigious “the Board of the Year 2018 Award” from the Thai Institute of Director (IOD), which is the only award in the capital market given to the board of Thai listed companies who perform in accordance with the principles of good governance and be able to perform duties as a leader with efficiency.

“Intimate services like closed family members.”

As the Company’s main target customers are local people in different regions, building healthy relationships with customers is a key success as stated the company’s slogan, “Intimate services like closed family members.” With this practice, the Company has built on trust with customers, and the Company has continually expanded its branches to cover more service areas throughout the country in order to support the business growth. As of 31 December 2018, the Company had 3,279 branches throughout the country.