Muangthai Capital Public Company Limited, a Thai microfinance company, has joined with global financial institutions, Bank of China (BOC)

Muangthai Capital Public Company Limited, a Thai microfinance company, has joined with global financial institutions, Bank of China (BOC), to create a financial opportunity worth of 92 million USD. The aim is to enhance stability and strengthen the household economy in Thailand, fostering sustainable productivity across all professions in Thai society.

Mr. Parithad Petampai, Deputy Managing Director, revealed, "MTC has signed to receive financial support from global financial banks, which are Bank of China (Hong Kong) Limited and Bank of China (Thai) Public Company Limited, under term facilities of 92 million USD or 3.28 billion Baht. The goal is to improve the household economy in Thailand towards greater resilience and financial stability within Thai society across all professions through excellent service and good governance principle. The company has fully hedged for exchange rate risks."

MTC, as the first microfinance company in Thailand earned the trust of Bank of China (BOC) in passing on this financial opportunity under fair interest rates and not creating an excessive financial burden on Thai household. This demonstrates its commitment to responsible lending and sustainable business development in all dimensions, contributing to economic, social, and environmental development in line with the Sustainable Development Goals (SDGs) by United Nations.

Furthermore, MTC is poised to expand loan portfolio to achieve with stated goal while driving the organization to become a world class Thai microfinance company through good corporate governance, prudent risk management, and consideration for all stakeholders. MTC also earned a top-notch rating for corporate governance (5 stars), ESG rating from the Stock Exchange of Thailand at the A level, and an AA rating from the MSCI Index evaluation for Microfinance company. These ratings reflect its leadership in microfinance business for responsible lending and sustainable growth to Thai society.