Kiatnakin Bank “Approval in 30 minutes” for car hire purchase in Motor Expo 2007

PRLog (Press Release) – Oct 10, 2007 – Kiatnakin Bank is preparing to launch a special campaign “HP Approval Revolution” for the first time in the “24th THAILAND INTERNATIONAL MOTOR EXPO 2007” featuring an approval process for car buyers in the Motor Expo that is superior in terms of speed and convenience compared to conventional procedure requiring a day or two for credit approval.
Mr.Tawatchai Sudtikitpisan, Director and President of Kiatnakin Bank Public Co., Ltd., said, “Kiatnakin Bank now  handles 33,809 million baht of car hire purchase loan or 59% of our total loan. The ratio of new and used vehicles is 50:50, the vehicles being mostly pickup trucks with 7-10% market share of new vehicles. We have a total of 150,000 clients, making us one of the top 5 in car hire purchase loan market.”

“These reasons prompted us to join in as an official sponsor of the Motor Expo 2007 and prepare a special campaign for the Motor Expo 2007. We are confident in the Expo organizing potential that will pull together a large number of car companies and customers. With our customer base, Kiatnakin Bank will be more widely recognized especially among clients wanting to buy new vehicles wherein the proportions of used cars and new cars in hire purchase business today are very close,” said Mr. Tawatchai.