TMB leery of auto-leasing business | Bangkok Post: business

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TMB leery of auto-leasing business

State schemes have shaken up market

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TMB Bank is in no rush to enter the car-loan fray since the automobile market has been distorted by the government's tax rebate scheme for first-time car buyers, says chief executive Boontuck Wungcharoen. 

Moreover, the automobile-leasing business is not TMB's priority, and it wants to take a few years to monitor the market and study the consumer-loan product before making any decision.

Among the country's seven largest lenders, TMB and Bangkok Bank are the only two banks that do not offer car-leasing services. TMB will conduct a feasibility study on the automobile-loan business over the next few years.

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