TK raises lending target | Bangkok Post: business

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TK raises lending target

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Thitikorn (TK), a hire-purchase company for motorcycles and cars, has revised up its lending growth target to 15% for this year, with motorcycle sales expected to hit a record 2.15 million units. 

Managing director Prathama Phornprapha said outstanding hire-purchase loans are likely to be worth 8.7 billion baht at year-end, up from 7.57 billion baht at the end of 2011.

Motorcycle sales have recovered strongly after the impact of last year's heavy floods.

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