TIDLOR Cuts NPL Target to Below 1.8% and Adjusts Credit Costs

Mr. Piyasak Ukritnukul, President of Ngern Tid Lor Public Company Limited (TIDLOR), revealed that the company had adjusted its NPL ratio forecast this year to be lower than 1.8. % from the original target of less than 2% as a result of the focus on prudent credit policy. As a result, the NPL rate in the first quarter of 2023 dropped slightly to 1.5%, which is considered low compared to the industry and competitors. At the same time, credit cost has been reduced this year to 3.00-3.35% from the previous target of 3.00-3.50%. This target adjustment is to reflect the ability to control quality. current debt and still setting aside provisions at an adequate and appropriate level

President Ngern Tid Lor Public Company Limited said that the loan growth target this year is still at 10-20%, while the first quarter of 2023 grew 26% compared to the same period last year. And continue to set a strong growth target for non-life insurance premiums at 20-25%, while the first quarter of 2023 grew 28% compared to the same period last year. Including focusing on strategies for improving efficiency and continuously investing in technology To support sustainable business growth without relying on branch opening alone For investors and those who are interested, you can follow the news and information of TIDLOR at the website. www.tidlorinvestor.com