Thai NFS sees auto lending up 14 pct in 2005

Newswire

BANGKOK, Nov 30 (Reuters) - National Finance PCL , Thailand's largest finance firm, said on Tuesday it expects its auto lending to rise 14 percent to 60 billion baht ($1.5 billion) next year from 52.5 million baht this year. The company would focus on second-hand cars, which gave higher returns than new cars, managing director Bundit Cheevadhanarak told reporters. NFS, a leader in providing loans for new cars, aimed to fund the purchase of 150,000 cars next year, up from 133,000 this ...

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