KTB Leasing one of the Group of Company of Krung Thai Bank Public Company which is hold 100% of share stake. Under the concept, Go to shopping, Go to Bank Banking, KTB Leasing going to organize its KTB Leasing 4th Anniversary , strengthen the Thai Economy. The company will dump sale at 10 to 40 % of their product more than 200 programs from 24 famous brand name. Altogether with announced its " Easy installment.... Low interest" in order to motivate the government officer customer, state enterprise employee and full time company staff to shopping. To follow the government s economic policy. Opening the shopping counter at its own Bank Couter. Altogether with installment product from now until 31 of January 2010 at every branch of Krung Thai Bank.
Khun Pinyawat Chantrakarntanon, Managing Director of KTB Leasing Co., Ltd. Said that KTB Leasing Co.,Ltd. is an affiliated companies of Kraung Thai Bank which has established on the October 28, 2005.The vision of company is to be convenience bank which focusing on one stop service financial . In order to fulfill the customer's demand both person and juristic person under the theme "Partner To Grow".
The prosper of the last 4 years makes KTB Leasing step forward to be the leader of one stop credit market due to its variety services for example, Leasing Rental or the property renting services for the entrepreneur such as truck ,draulic excavator, wheel loader contruction tool, office facilities and tractor for an agriculture use. Car rental , the company offer the car for rent for an executive and company car for business purpose.Hire-Purchase car service is to offer any type of car services in any model to the natural person especially government official and state enterprise staff and hire- purchase outlet consumption product for daily use under the slogan Cheaper
price…Easy Buy…Better partial.
In 2007 KTB Leasing Co., Ltd has only 6 partners and 60 product items, but in three years and a half the company get more 30 partners and has more 600 products items. At the moment the company has almost 150,000 customers and 13,000 million Baht of the asset.We can claim that KTB Leasing Co., Ltd are the leader of one stop hire-purchase and leasing . Moreover, the company is outstanding and different from the other companies in the same type of business, especially Non Bank business . The foreign companies focusing on department stores and modern trades market. Meanwhile KTB Leasing is different, the customer can just walk in to any branches of Krung Thai Branches and they can select the same product brand ,same standard from the factory that display in front of the big shopping center with better condition which mean low interest with longer period of installment and cheaper price.
To confirm that KTB Leasing Co., Ltd is the leader of one stop emphasize, the company will sooner organize the KTB 4th KTB anniversary, strengthen Thai Economy which sponsored by famous producers and distributors. The event will offer product in special price at 10 to 40% off. The special prices of products are
LG Plasma TV 50 inch at the price of 27,600 Baht from 39,000 Baht,18 months installment, 0% of interest.
Jubilee Diamond ring 0.23 Karat at the price of 17,900 Baht from 32,000 Baht,18 months installment,0% of interest.
Nikon Digital Camera, S550, 10 Pixel at the price of 6,850 from 7,990 with long installment,% interest.
Panasonic Washing Machine ,NA F80B1, 8 KGS at the price of 8990 Baht from 11,900 Baht,18 installment,0% interest 18 months.
Dikin Air Conditioning, FTE series with wireless remote control from at the price of 21,900 from 20,300 Baht,0% interest 15 months
Hitachi 13.1 Q 2 doors, stylist design , the installment start at the price of 1,807 Baht.
Moreover KTB Leasing offer special promotion for government officer and state enterprise employee the motobike, the top sale product with cheap interest rate in every model and brand with 0.70% interest. For example Suzuki with 0.70%, 48 months installment, Yamaha with 0.895, 48 months installment, Honda, 0.89%, 48 months installment.
Next year, KTB Leasing will target on release credit about 7,000 to 8,000 million Baht. The interested person may select the dump sale products under the campaign "KTB Leasing 4th Anniversary, strengthen Thai Economy" from now until 31 January 2010 at every any branches of Krung Thai Bank.
Saturday, November 21, 2009
Sunday, September 6, 2009
Krungthai Car Rent The Answer to Car Rental Services
Krungthai car Rent&Lease Plc.,one of the country's top car rental company, has been adapted to focus more"the full-range outsource services" to help customers control their cost and budget during the economic slowdown.
Krungthai Car Rent
The Answer to car Renta Services
Mr.Pithep chantarasereekul,the company's Managing Director,said that the purchase of the management's vehicles, the customer services'vvehicles,and the transportation's vehicles is not unaffordable, but the involved activies such as mileage maintenance,the annual road tax payment,the compulsory and annual road tax payment,the compulsory and voluntary insurance policy,and the accidental handling are the burden of the compafnies. The burden would be swelling with the increasing number of vehicles. Those cumbersome activities could be eliminated bu outsourcing to the Operating Lease Service providers.
With the Operating Lease Service,the management have more valuable time in marketing, and product development cannot overlook and Kcar is the company that can serve to every customer needs.
www.krungthai.co.th
Krungthai Car Rent
The Answer to car Renta Services
Mr.Pithep chantarasereekul,the company's Managing Director,said that the purchase of the management's vehicles, the customer services'vvehicles,and the transportation's vehicles is not unaffordable, but the involved activies such as mileage maintenance,the annual road tax payment,the compulsory and annual road tax payment,the compulsory and voluntary insurance policy,and the accidental handling are the burden of the compafnies. The burden would be swelling with the increasing number of vehicles. Those cumbersome activities could be eliminated bu outsourcing to the Operating Lease Service providers.
With the Operating Lease Service,the management have more valuable time in marketing, and product development cannot overlook and Kcar is the company that can serve to every customer needs.
www.krungthai.co.th
Thursday, August 27, 2009
TK expects 16% growth on upcountry expansion
Thitikorn Plc (TK), the motorcycle hirepurchase lender, projects revenue growth of 16% this year as it expands upcountry and into new lending businesses.
TK reported first-half revenues of 1.33 billion baht, up from 1.22 billion in the same period last year. Net profit, however,fell to 143.57 million baht from 169.19 million. Second-quarter net profit dropped to 78.9 million baht from 88.66 million a year earlier.
Prapol Phornprapa, a TK deputy managing director, said that even though revenues rose, profits fell as the company continued to expand and invest in its branch network. The company plans to open two or three new branches over the next few months to increase its current network of 75 stores.
"We are also looking to expand into auto leasing as competition in Bangkok has fallen. We will also consider other new businesses, such as credit cards or electronic appliance hire-purchase loans for the future," he told investors at a briefing at the Stock Exchange of Thailand yesterday.
Nearly 70% of TK's revenues currently come from motorcycle leases. The company, which claims a 25% market share in Greater Bangkok, had outstanding loans of 5.7 billion baht at the end of June compared with 5.2 billion at the end of 2008.
Asset quality has remained relatively stable, with non-performing loans, defined as at least six months past-due, at 2.5% of total loans at the end of June.Doubtful debt, representing accounts past-due at least four months, were 4.5%of total loans.
Mr Prapol said the company had increased downpayment requirements to 20% of the purchase price compared with 5-10% in the past to help reduce credit risk.
In any case, profit declines were to be expected considering the decline in vehicle sales in the economic downturn.High competition in the industry would also affect profits, although TK has been able to maintain margin spreads at around 30%, with its cost of funds now at around 4% to 5%.
Mr Prapol said TK had also set up credit lines of 2.5 billion baht to purchase motorcycle or car lease assets if the pricing was reasonable.
TK shares closed yesterday on the Stock Exchange of Thailand at 3.44 baht,up four satang, in trade worth 79,000 baht.
TK reported first-half revenues of 1.33 billion baht, up from 1.22 billion in the same period last year. Net profit, however,fell to 143.57 million baht from 169.19 million. Second-quarter net profit dropped to 78.9 million baht from 88.66 million a year earlier.
Prapol Phornprapa, a TK deputy managing director, said that even though revenues rose, profits fell as the company continued to expand and invest in its branch network. The company plans to open two or three new branches over the next few months to increase its current network of 75 stores.
"We are also looking to expand into auto leasing as competition in Bangkok has fallen. We will also consider other new businesses, such as credit cards or electronic appliance hire-purchase loans for the future," he told investors at a briefing at the Stock Exchange of Thailand yesterday.
Nearly 70% of TK's revenues currently come from motorcycle leases. The company, which claims a 25% market share in Greater Bangkok, had outstanding loans of 5.7 billion baht at the end of June compared with 5.2 billion at the end of 2008.
Asset quality has remained relatively stable, with non-performing loans, defined as at least six months past-due, at 2.5% of total loans at the end of June.Doubtful debt, representing accounts past-due at least four months, were 4.5%of total loans.
Mr Prapol said the company had increased downpayment requirements to 20% of the purchase price compared with 5-10% in the past to help reduce credit risk.
In any case, profit declines were to be expected considering the decline in vehicle sales in the economic downturn.High competition in the industry would also affect profits, although TK has been able to maintain margin spreads at around 30%, with its cost of funds now at around 4% to 5%.
Mr Prapol said TK had also set up credit lines of 2.5 billion baht to purchase motorcycle or car lease assets if the pricing was reasonable.
TK shares closed yesterday on the Stock Exchange of Thailand at 3.44 baht,up four satang, in trade worth 79,000 baht.
LOBBY WEAKENS US CAMPAIGN
Nearly 5 million of the worst-polluting vehicles in the US have been quietly excluded from the popular "Cash for Clunkers" progrkamme after lobbyists for antique auto-parts suppliers and car collectors persuaded the government to shut out cars built before 1984.
The restriction has prevented consumers who own older cars and pickups from cashing in on the US$3-billion (Bt102 billion) federal programme even though many do not consider their jalopies to be collectors' items.
When the federal government announced the rebates of up to $4,500, Chris Hurst said it looked like the perfect time to unload his gas-guzzling 1981 Ford F-150, California, was surprised to discover his pickup was too old to qualify.
"If we could have gotten that rebate, it would have worked perfectly for us," said Hurst, who is now trying to sell the vehicle, equipped with Ford's biggest V8 engine, for $1,600.
The restrictions were pushed by lobbyists fot the Specialty Equipment Market Association (Sema), a California group representing companies that sell parts and services to classic and antique car collectors. The group, as well as classic car enthusists, have oppesed "Cash for Clunker", because they do not want older vehicles to be destroyed.
When the proposals for the clunker buy-back programme surfaced early this year, Sema opposed the entire concept, because such a programme could shrink the size of the market for after-market parts. Sema eventually succeeded in getting lawmakers to adopt the aage restriction.
"We are very pleased that Congress was able to include that in the programme," said Stuart Gosswein, director of regulatory affairs at Sema.
The organisation represents more thna 7,000 comapnies that make all manner of auto-related products, including reproduction Model T tyres and AMC Gremlin upholstery. The powerful interest group earlier won legislative batteles to protect owners of classic cars and hot rods from laws covering vehicle noise and emissions tests, among other things.
Consumer kand environmental groups reluctantly went along with the Sema provision, because they were too busy fighting for any rule that would push consumers to buy more fuel-efficient vehicles than the ones they were using.
"I don't know that the programme makes a whole lot of environmental sense," said Lena Pons, a policy analyst for Public Citizen, which pushed for tougher fuel-economy standards.
"There is not a whole lot of justification for the classic-car industry to block older vehicles from being traded in."
Other critics fault the age limit on economic grounds, saying it makes little sense even for collectors.
"If I own a 30-year-old Mustang, the value of my car goes up if others get destroyed," said Chris Edwards, an economist for the libertarian Cato Institute.
"It is a typical industry loophole that doesn't protect the little guy but does protect some special-interest groups."
Many Americans do not have the money to buy a new car, said Dan Baker, a part-time handymand and gardener in South Carolina who said he wished he could have qualified for a rebate to upgrade to a better used vehicle.
"I'm the kind of person this programme could have helped," he said.
Baker is trying to sell a brown 1980 Oldsmobile Cutlass SS with a broken air-conditioner and rusty fenders for $1,200.
"It's just an old car with 101,000 miles on it," Baker said. "It is not a classic."
Groups representing salvajge yards and service garages also derailed a provision in the bill that would have required the entire drive train of traded-in clunkers to be destroyed. Junkyards are now permitted to strip and resell all parts of the vehicles, exept the engines.
The restriction has prevented consumers who own older cars and pickups from cashing in on the US$3-billion (Bt102 billion) federal programme even though many do not consider their jalopies to be collectors' items.
When the federal government announced the rebates of up to $4,500, Chris Hurst said it looked like the perfect time to unload his gas-guzzling 1981 Ford F-150, California, was surprised to discover his pickup was too old to qualify.
"If we could have gotten that rebate, it would have worked perfectly for us," said Hurst, who is now trying to sell the vehicle, equipped with Ford's biggest V8 engine, for $1,600.
The restrictions were pushed by lobbyists fot the Specialty Equipment Market Association (Sema), a California group representing companies that sell parts and services to classic and antique car collectors. The group, as well as classic car enthusists, have oppesed "Cash for Clunker", because they do not want older vehicles to be destroyed.
When the proposals for the clunker buy-back programme surfaced early this year, Sema opposed the entire concept, because such a programme could shrink the size of the market for after-market parts. Sema eventually succeeded in getting lawmakers to adopt the aage restriction.
"We are very pleased that Congress was able to include that in the programme," said Stuart Gosswein, director of regulatory affairs at Sema.
The organisation represents more thna 7,000 comapnies that make all manner of auto-related products, including reproduction Model T tyres and AMC Gremlin upholstery. The powerful interest group earlier won legislative batteles to protect owners of classic cars and hot rods from laws covering vehicle noise and emissions tests, among other things.
Consumer kand environmental groups reluctantly went along with the Sema provision, because they were too busy fighting for any rule that would push consumers to buy more fuel-efficient vehicles than the ones they were using.
"I don't know that the programme makes a whole lot of environmental sense," said Lena Pons, a policy analyst for Public Citizen, which pushed for tougher fuel-economy standards.
"There is not a whole lot of justification for the classic-car industry to block older vehicles from being traded in."
Other critics fault the age limit on economic grounds, saying it makes little sense even for collectors.
"If I own a 30-year-old Mustang, the value of my car goes up if others get destroyed," said Chris Edwards, an economist for the libertarian Cato Institute.
"It is a typical industry loophole that doesn't protect the little guy but does protect some special-interest groups."
Many Americans do not have the money to buy a new car, said Dan Baker, a part-time handymand and gardener in South Carolina who said he wished he could have qualified for a rebate to upgrade to a better used vehicle.
"I'm the kind of person this programme could have helped," he said.
Baker is trying to sell a brown 1980 Oldsmobile Cutlass SS with a broken air-conditioner and rusty fenders for $1,200.
"It's just an old car with 101,000 miles on it," Baker said. "It is not a classic."
Groups representing salvajge yards and service garages also derailed a provision in the bill that would have required the entire drive train of traded-in clunkers to be destroyed. Junkyards are now permitted to strip and resell all parts of the vehicles, exept the engines.
Loan terms will ease as economy improves
Better economic signs would make accessing credit easier for consumers as restrictions on loan approvals would ease, said Isara Wongrung, managing director of Kasikorn Leasing.
Financial institutions, including Kasikorn Leasing, would relax tight loan conditions if the economy starts improving,he said. However, the relief would not cover falling interest rates for auto hire purchase loans which are a result of the current strong competition.
The company charges an annual flat rate of 2.65% for a new car, while the bank's average margin is around 2%.
Improving economic signs partly led to a reduction in non-performing loans from 2.26% of total outstanding loans in June to 2.1% at the end of last month.The firm expected its distressed debts to be on target at 2% by the year-end.
Kasikornbank's leasing company hopes positive factors will support its loan growth target this year. It aimed to grow 2009 new loans to 30 billion baht after it booked loan growth of 17 billion for the first seven months. The company expects to boost total outstanding loans to 42 billion baht by the end of this year,with 38.5 billion made in the first half.
The company's loan expansion has been better, with outstanding loans rising to 39.1 billion baht in July and expected to hit 40 billion this month. Despite a projected drop in car sales this year, the sector should improve in the second half, he said.
Kasikorn Research Center forecast second-half car sales of 230,000-250,000 units, a slight improvement from the first half. For the first six months of the year,230,000 units were sold, a 28%year-on-year decline.
Financial institutions, including Kasikorn Leasing, would relax tight loan conditions if the economy starts improving,he said. However, the relief would not cover falling interest rates for auto hire purchase loans which are a result of the current strong competition.
The company charges an annual flat rate of 2.65% for a new car, while the bank's average margin is around 2%.
Improving economic signs partly led to a reduction in non-performing loans from 2.26% of total outstanding loans in June to 2.1% at the end of last month.The firm expected its distressed debts to be on target at 2% by the year-end.
Kasikornbank's leasing company hopes positive factors will support its loan growth target this year. It aimed to grow 2009 new loans to 30 billion baht after it booked loan growth of 17 billion for the first seven months. The company expects to boost total outstanding loans to 42 billion baht by the end of this year,with 38.5 billion made in the first half.
The company's loan expansion has been better, with outstanding loans rising to 39.1 billion baht in July and expected to hit 40 billion this month. Despite a projected drop in car sales this year, the sector should improve in the second half, he said.
Kasikorn Research Center forecast second-half car sales of 230,000-250,000 units, a slight improvement from the first half. For the first six months of the year,230,000 units were sold, a 28%year-on-year decline.
KTB Leasing posts 200% profit growth on higher margins
KTB Leasing showed net profit growth of 200% in the first half of the year,thanks to rising interest margins as a result of good funding cost management.
President Phinyavat Chantrakantanond said the company posted a net profit of 95 million baht for the first half, compared to 30 million in the same period last year, a growth rate of 216%.
The Krung Thai Bank affiliate projects 2009 net profits of around 200 million baht, higher than the existing target of 150 million. Last year, net profit was 50 million.
He said profit gains were partly supported by higher interest income due to efficient cost management. The company's net interest margin in the second quarter was around 7%, an increase from 5.2% at the end of last year. The company expects to maintain the high margin throughout this year.
Funding for the leasing firm is supported by Krung Thai Bank.
The average interest rate KTB Leasing charges is around 10% per year. Hirepurchase loans for consumer goods are 20% its portfolio, lower than the industry average of 24-26%. Consumer and auto loans represent 60% of total outstanding loans at 13 billion baht.
The leasing firm aims to expand outstanding loans to 15 billion baht by the end of the year, despite lower-thantargeted loan growth for the first half of the year. KTB Leasing had new loans of 2 billion baht for the first six months and has a full-year target of 7 billion.Dwindling loan demand and the company's tightening of loan approvals were key factors.
"Hopefully, we will meet our loan growth target for this year if the country's economy keeps improving. Loan growth from June has been better, while the company has controlled distressed debts at a satisfactory level," he said.
Non-performing loans were 2.6% of total outstanding loans, and that number should fall to 2% by the end of the year.
President Phinyavat Chantrakantanond said the company posted a net profit of 95 million baht for the first half, compared to 30 million in the same period last year, a growth rate of 216%.
The Krung Thai Bank affiliate projects 2009 net profits of around 200 million baht, higher than the existing target of 150 million. Last year, net profit was 50 million.
He said profit gains were partly supported by higher interest income due to efficient cost management. The company's net interest margin in the second quarter was around 7%, an increase from 5.2% at the end of last year. The company expects to maintain the high margin throughout this year.
Funding for the leasing firm is supported by Krung Thai Bank.
The average interest rate KTB Leasing charges is around 10% per year. Hirepurchase loans for consumer goods are 20% its portfolio, lower than the industry average of 24-26%. Consumer and auto loans represent 60% of total outstanding loans at 13 billion baht.
The leasing firm aims to expand outstanding loans to 15 billion baht by the end of the year, despite lower-thantargeted loan growth for the first half of the year. KTB Leasing had new loans of 2 billion baht for the first six months and has a full-year target of 7 billion.Dwindling loan demand and the company's tightening of loan approvals were key factors.
"Hopefully, we will meet our loan growth target for this year if the country's economy keeps improving. Loan growth from June has been better, while the company has controlled distressed debts at a satisfactory level," he said.
Non-performing loans were 2.6% of total outstanding loans, and that number should fall to 2% by the end of the year.
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