Mr. Chusak Wiwatwongkasem, Managing Director of Star Money Public Company Limited (STARM), revealed that in the second half of 2026, the company will focus on managing the quality of its loan portfolio to reduce non-performing loans (NPL) to below 4.55%, after the second quarter of 2026 saw NPLs drop to 3.1% from 4.9% at the end of the previous year. This will help lower credit costs and support continued profit growth, even though total revenue this year is expected to remain flat or increase slightly, as 85% of the portfolio is still in car title loans, an industry that has not yet recovered. However, profits this year are expected to be higher than last year's 84 million baht, driven by the expansion of the hire-purchase portfolio, which currently accounts for only 15%, and the launch of hire-purchase loans with Chinese electric motorcycle dealers in the eastern region, as well as increasing online channels and offering EV car title loans to build a new customer base. Meanwhile, the company will selectively extend loans based on customer risk, with high-risk customers required to make larger down payments, while low-risk customers may have smaller or no down payments, to manage risk and maintain the customer base.
Star Money Public Company LimitedExpanding into hire-purchase loans and EV market to build new customer base, expected to boost profits.
