Thai Tisco sees 2004 auto loans up 36 pct

Newswire

BANGKOK, May 27 (Reuters) - Tisco Finance PCL , Thailand's second-largest finance firm, said on Thursday it expects its auto finance business to grow 36 percent this year as it speeds up lending before interest rates rise. Panya Wotticharoenvong, head of special asset management, said the company planned to lend 30 billion baht ($738 million) to auto buyers this year, of which nine billion baht was taken in the first four months. "Since interest rates are expected to rise next year, we ...

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