PATIPAT JANTHONGThanachart Bank (TBank), the country's sixth largest lender by assets, will focus on commercial car loans to seize opportunities from the expected recovery in domestic car sales next year. The bank's loans to car dealers has risen to more than 10 million baht from 8-9 billion baht last year, he said. TBank's commercial auto loans cover lending to car dealers and fleet, which represents a small portion now. Domestic car sales have plunged since 2013 when the first-time car buyer scheme ended. TBank yesterday signed a partnership contract with Mazda Sales Thailand to offer financial support for carmaker's hire-purchase service and lending to car dealers.

Source: Bangkok Post September 09, 2016 21:00 UTC