MTC aims to become a World-Class Thai Microfinance leader, creating fair and equal access to funding opportunities. The company showcased its loan portfolio for 2024, which grew by 14.60%, reaching a total of 164,242 million baht

Muangthai Capital Public Company Limited (MTC) is committed to becoming a World-Class Thai Microfinance leader, creating fair and equal access to funding opportunities. The company reported its performance for 2024, with a loan portfolio of 164,242 million baht, up 14.60%, and net profit of 5,867 million baht, an increase of 19.58% compared to the previous year. MTC has also effectively maintained its asset quality, with an NPL ratio of 2.75%. Mr. Parithad Petampai, Deputy Managing Director, is confident that the company will continue to grow in 2025, aiming to provide financial services in line with international standards for sustainable growth alongside Thai society. The Board of Directors has approved a dividend payout for 2024 at 0.25 baht per share, with the XD date set for April 28 and payment on May 15.

Mr. Parithad Petampai, Deputy Managing Director of Muangthai Capital Public Company Limited (MTC), disclosed that the company's performance for 2024 showed a loan portfolio of 164,242 million baht, an increase of 14.60%. Total revenue was 27,902 million baht, up 13.77%, and net profit reached 5,867 million baht, an increase of 19.58% compared to 2023. The Non-Performing Loan (NPL) ratio stood at 2.75%, a continuous improvement from 3.11% in 2023, reflecting the company's cautious lending measures and effective debt collection practices.

"The revenue and profit growth in 2024 was a result of focusing on expanding the secured loan portfolio and opening additional branches. In 2024, the company opened 635 new branches, bringing the total number of branches to 8,171 at the end of the year."

"Meanwhile, the Board of Directors resolved to approve a cash dividend for the fiscal year 2024 (January-December 2024) at the rate of 0.25 Baht per share, with the ex-dividend date (XD) on April 28, 2025, and the dividend payment scheduled for May 15, 2025."

The Deputy Managing Director of MTC further stated that the company's operational plan for 2025 targets loan portfolio growth of 10-15%, while keeping the NPL ratio below 2.70%. The company will continue to responsibly and fairly extend credit in accordance with the guidelines of the Bank of Thailand (BoT). MTC aims to remain a high-quality source of funding, strengthening the economic foundation of Thai society in line with global standards, ensuring sustainable growth.

In the past, MTC has focused on operating with good governance, considering the impacts on all stakeholders. As a result, the company received recognition on the ESG MSCI Index with an AA rating in 2023 within the Consumer Finance sector. MTC has also been listed on the SET ESG Ratings 'Sustainable Stock List' for six consecutive years, achieving a AAA rating in 2024 from the Stock Exchange of Thailand.

In addition, MTC received an Excellent CG Scoring (5-star) in corporate governance for 2024 from the Thai Institute of Directors (IOD), marking the seventh consecutive year of this achievement. This reflects MTC’s leadership in the microfinance sector at a world-class level. Through collaborations with various global financial institutions, MTC has demonstrated its commitment to high standards. Furthermore, MTC is the first non-bank financial institution (NBFI) in Thailand to issue a social bond worth USD 335 million, offered entirely to international institutional investors," Mr. Parithad said.