MTC aims to create fair access to funding opportunities, driving its loan portfolio growth by 14.83% in Q3/2024, reaching 159,323 million Baht. The company continues to provide world-class financial services for a sustainable society

Muangthai Capital (MTC) Creates Fair and Equal Access to Funding Opportunities, Reports Q3/2024 Loan Portfolio Growth of 14.83% to 159,323 million Baht, with Net Profit of 1,491 million Baht, up 16.02% Year-on-Year

Mr. Parithad Petampai, Deputy Managing Director of Muangthai Capital Public Company Limited (MTC), shared that the company is committed to creating fair access to funding opportunities across all regions, reducing financial inequality in line with the United Nations’ goals. This is achieved through its 8,031 branches and the development of technology that meets customers' needs while offering fair interest rates. MTC remains a socially responsible lender.

For Q3/2024, MTC’s loan portfolio reached 159,323 million Baht, up by 14.83%. Total revenue for the quarter was 7,170 million Baht, up by 13.83%, with net profit of 1,491 million Baht, an increase of 16.03% compared to the same period last year.

In the first nine months of 2024, total revenue reached 20,633 million Baht, up by 14.81% from the same period last year, and net profit was 4,325 million Baht, an increase of 21.66%. Non-performing loans (NPL) stood at 2.82%, well-managed within the target of 3.20%, thanks to the company's careful lending and collection strategies.

The key drivers for the company's revenue and profit growth in Q3/2024 came from secured loans and the expansion of branches, with 494 new branches opened, bringing the total to 8,031 as of September 2024. MTC plans to open 600 more branches this year to meet customer demand. The company continues to strive to be a world-class microfinance leader, focusing on creating sustainable business practices and financial equality nationwide.

MTC is confident that its performance in 2024 will meet the target, with a projected loan portfolio growth of 15-20% and NPL kept below 3.20%, alongside responsible lending practices in compliance with Bank of Thailand regulations. The company is committed to expanding fair access to financial resources in line with the United Nations’ goals to reduce financial inequality and create a prosperous society.

MTC’s continued success is demonstrated by its 7th consecutive year of receiving the Excellent Corporate Governance (5-Star) rating, as well as an A ESG Rating from the Stock Exchange of Thailand and AA from the MSCI Index, reflecting its leadership in world-class Thai microfinance. MTC has partnered with leading global financial institutions such as JICA, KfW DEG, and the International Finance Corporation (IFC), investing in social bonds to support women-owned small businesses.

MTC is also proud to be the first non-bank financial institution (NBFI) in Thailand to issue a 335 million USD social bond offered to international institutional investors.

The company looks forward to further collaborations with leading financial institutions both domestically and internationally to build economic foundations, enhance quality of life, and maintain environmental stability while growing alongside Thai society sustainably.