Ngern Tid Lor Public Company Limited, or TIDLOR, said at its Opportunity Day event that business in the second half of 2026 will grow on the back of vehicle title loans and the insurance brokerage business, which are recovering in line with economic activity. The company expects financial costs to decline by 0.05% to 0.10% as new bond issues replace maturing ones, supporting net interest margins. Non-performing loans at the end of the second quarter stood at 1.54%, within the target range of 1.5% to 1.8%, while Stage 2 loans fell to 16.26%. The company has therefore lowered its full-year credit cost target to 2.0% to 2.5%, from 2.2% to 2.8% previously. On liquidity, the company has more than 22 billion baht in undrawn credit facilities to cover 33 billion baht of bonds maturing over the next 12 months, and has successfully issued yen-denominated bonds for the first time with full exchange-rate hedging, keeping its debt-to-equity ratio at 2.3 times.
Ngern Tid Lor Public Company LimitedCompany expects lower financial costs and reduced credit cost target, supporting margins and profitability.
