Tisco eyes rebound after rough first half | Bangkok Post: business

Business > News

Tisco eyes rebound after rough first half

- +

Tisco Financial Group, the parent of Tisco Bank, is warning of a lower net profit this year due largely to the stuttering first-half economy and a sharp decline in domestic car sales. 

Despite the improved second-half economic view, Tisco expects loans outstanding to shrink by 2-3% this year.

Tisco, the country's leading automobile lender, forecasts a 40% dive in Thailand's new-car sales to 850,000 this year.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments