Ngern Turbo Public Company Limited Non-Voting Depositary Receipt (TURBO.R)

Overview

Ngernturbo Public Company Limited is a leading retail financial services provider in Thailand, focusing on consumer finance solutions. Established in 2017, the company has significantly expanded its reach, operating over 1,000 branches nationwide and aiming for 1,400 by 2029. Ngernturbo's commitment is to improve accessibility for various communities throughout the country. The firm specializes in secured lending products, catering to clients in need of quick and flexible credit options. Furthermore, Ngernturbo is dedicated to developing new financial products and enhancing its insurance offerings through its subsidiary while also advancing its digital infrastructure with the help of an in-house technology team and artificial intelligence. The company's mission is to deliver trustworthy and equitable financial services, empowering individuals and families across Thailand to enhance their quality of life. With a performance consistently surpassing industry averages and strong yearly growth in its loan and insurance portfolios, Ngernturbo is instrumental in fostering financial inclusion and innovation within the Thai consumer finance sector.

Products and Services

• Vehicle Registration Loans: These loans are designed for individuals who need immediate cash and are backed by the value of their vehicle. They allow customers to unlock the equity in their vehicles while still being able to use them.
• Land Title Loans: Ngernturbo provides secured loans against the title of land, enabling property owners to access funds quickly. This product is particularly useful for clients who require funds for investments or unexpected expenses.
• Mortgage Loans: The company offers competitive mortgage options, making it easier for individuals and families to purchase their homes. Ngernturbo's mortgage loans come with flexible terms that cater to various financial situations.
• Insurance Services: Through its insurance brokerage subsidiary, Ngernturbo has expanded its offerings to include a variety of insurance products, providing customers with protection and peace of mind in different aspects of their lives.
• Digital Financial Solutions: Ngernturbo is investing in digital infrastructure to provide efficient and user-friendly financial services. This includes online applications and management platforms for loans, which enhance customer experience and accessibility.