BANGKOK, Oct 1, 2025 - (ACN Newswire) - Ngernturbo PCL (TURBO), a retail financial service provider, is set to drive its growth following the Company’s first day of trading on the Stock Exchange of Thailand (SET: TURBO). TURBO highlights the exponential growth in its loan portfolio, surmounting all economic hurdles for profitability exceeding the industry average. The Company is also determined to expand its branch network to at least 1,457 locations by 2029, in parallel with the development of new financial products and services. This plan is expected to further enhance the Company’s overall loan portfolio and contribute to continued growth. The objective for TURBO is to become a leading national retail financial service provider.

Mr. Sutach Ruangsuttipap, CEO of TURBO, remarked, "While the Company's shares began trading on the Stock Exchange of Thailand (SET) on Sept 30, in the FIN (Financial & Securities) Sector, and the FINCIAL (Financial) industry group under the symbol 'TURBO', the listing follows a successful IPO (initial public offering) of 537 million shares at 1.50 baht per share, which attracted overwhelming interest from both institutional and retail investors. This success reflects confidence in TURBO's business operations and growth potential, which will make us one of the most sought-after stocks upon listing."

Following the SET listing, TURBO aims to build on its success, becoming a leading national retail financial service provider, and achieving strong growth through several key strategies. 1. Building the brand as the No.1 choice for customers, with the emphasis on speed, convenience, and quality of service to ensure a high level of customer satisfaction and word-of-mouth referrals. 2. Developing the Company’s IT systems. TURBO maintains a strategy of building on its in-house technology team which can quickly develop specific IT systems most suitable for the organization. The Company prioritizes the adoption of artificial intelligence (AI) technologies to enhance efficiency in every work process. 3. Enhancing customer convenience by expanding branch coverage nationwide, with the aim of establishing no less than 1,475 branches by the year 2029. The plan is to develop better access to comprehensive financial products to ensure more extensive coverage. 4. Developing a diverse range of products to meet the differentiated needs of customers, such as increasing the types of loan collateral, expanding insurance product lines, and increasing the number of insurance partners, etc.

“I am confident that after our listing on the SET, TURBO will achieve stronger growth and generate more sustainable returns for shareholders, driven by customer-centric financial services, customer satisfaction, word-of-mouth referrals, together with the use of specially developed IT systems. All these processes will help to ensure that TURBO will be able to quickly adapt to any situation and maintain low operating costs in the long term,” Mr. Sutach added.

In 2023 and 2024 fiscal years, the Group's total revenues were 2,430.7 million baht and 3,033.2 million baht. That translated into a 24.8% increase, with net profits of 131.7 million baht and 141.6 million baht, a 7.5% annual increase.

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