Leading companies in the financial, tech and telecom sectors have expressed interest in developing a virtual bank business, with the aim of exploring greater opportunities in the digital era.
Tisco Bank is looking to acquire a new retail loan portfolio and sees greater opportunity in the auto hire-purchase loan segment as some business operators may be impacted by the new regulations pertaining to the ceiling interest rate of hire-purchase loans.
Tisco Bank expects total loan growth for 2022 to exceed its 5% full-year target after booking credit expansion of 5% for the first nine months amid economic recovery.
Tisco Financial Group, a holding company of Tisco Bank, posted net profit growth for both the third quarter and the first nine months of this year thanks to a core business recovery in line with Thailand's economic rebound.