MTC Soars! Wraps Up 2021 by Clinching International Award 'GLOBAL BANKING & FINANCE AWARDS ® 2021' the Sole Recipient in Thailand, reinforcing the Mission of Creating Easily Accessible and Fair Financial Services

Muangthai Capital Public Company Limited clinched a prestigious international award at the 'GLOBAL BANKING & FINANCE AWARDS ® 2021' organized by the Global Banking & Finance Review in the category of 'The Next 100 Global Awards 2021' for non-banking financial institutions. MTC stands as the only Thai company to receive recognition in this category, underscoring its dedication to transparent and ethical business practices over its 30-year journey.

Mr. Chuchat Petaumpai, Chairman of the Executive Committee revealed that the company received this honor from the Global Banking & Finance Review, a prominent financial investment magazine based in the UK. The award, part of 'The Next 100 Global Awards 2021' recognizes MTC as a significant player in driving financial inclusion for the general public through continuous branch expansion, emphasizing its commitment to ethical and transparent business practices over the past three decades.

This annual award is bestowed upon 100 organizations globally that demonstrate leadership across various industries. Selection criteria focus on being a significant driver in the industry, a dedication to delivering customer-centric products and outstanding success.

"MTC is ready to be a part of developing the microfinance industry, ensuring financial stability and sustainability alongside the Thai society. We aim to consistently provide excellent returns to our shareholders in the long run" stated Mr. Chuchat.

He further discussed the business trends in the last quarter of the year, expressing optimism for continued positive developments. Positive factors, such as increased demand due to school reopening and home repairs following recent floods, contributed to an improved economic outlook. Additionally, the extended holidays in Q4/2021 led to increased consumer spending, supporting higher demand. Notably, the clear uptick in new motorcycle loan contracts over the past 2-3 months indicates a robust market, providing confidence that MTC is well-positioned to achieve its 2021 credit growth target of 30%