MTC Secures Funding from DEG and SMBC Banks to Drive Sustainable Economic Development in Thailand

Mrs. Daonapa Petampai, Managing Director and Mr. Parithad Petampai, Deputy Managing Director of Muangthai Capital Public Company Limited (MTC) have officially executed an agreement securing funding as part of a 5.3 billion Thai Baht investment. This collaboration involves two prominent global financial institutions: Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG), represented by Mr. Roland Siller, CEO and Ms. Petra Kotte, Senior Director Financial Institutions and Sumitomo Mitsui Banking Corporation (SMBC), represented by Mr. Takashi Toyoda, Country Head of Thailand and General Manager of SMBC Bangkok Branch and Mr. Ryoji Ito, General Manager, Global Financial Institutions Group.

The primary objective of this partnership is to uplift the Thai economy and society by facilitating widespread and equitable access to financial resources. This strategic initiative is geared towards creating enhanced opportunities for MTC's diverse customer base including farmers, freelancers and general laborers. The collaboration aims to contribute to improved living conditions, diminish social disparities and support sustainable economic growth in Thailand. The formal signing ceremony took place at the Muangthai Capital Public Company Limited headquarters on September 6, 2024.