PROJECT

Projects

Summary of Investment Information

Project Number

44519

Company Name

NGERN TID LOR PUBLIC COMPANY LIMITED

Date SPI Disclosed

Nov 17, 2020

Country

Thailand

Region

East Asia and the Pacific

Projected Board Date

Dec 18, 2020

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Sep 24, 2025

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Apr 30, 2021
Signed : Jun 30, 2021
Invested : Apr 8, 2022

Sector

Microfinance and Small Business - Non Commercial Banking

Project Description

The proposed investment consists of (i) a three-year loan of up to US$100 million to Ngern Tid Lor Company Limited (NTL or the Company), a leading non-bank financial institution (NBFI) in Thailand; and (ii) a cross-currency swap to help NTL hedge the currency and interest rate risks. The Company offers vehicle title loans, hire purchase and insurance brokerage to the underserved micro and small enterprises and individual customers across the country. It had total asset of US$1.6 billion and gross loan portfolio of US$1.5 billion as of September 30, 2020.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation