CIMB Thai Auto upbeat on used cars

Quick Summary:

CIMB Thai Auto Co, a subsidiary of CIMB Thai Bank (CIMBT) specialising in used car loans, expects a market recovery next year supported by the gradual economic revival and lower interest rates.

Mr Visit said the company also wants to shift its focus towards car title loans and used motorcycle loans to diversify its lending portfolio.

He said the past few years the company has focused on loan applicants with records in the NCB, increasing the proportion of this segment to around 75% of its total customer portfolio.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Billion Company Loan Expects Title Loans Thai Baht Auto Year Cimb

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 06:16:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 486 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23709206

View Article Analysis

About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 18 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 1 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #66

Publisher Details

Frequently Asked Questions