Bangkok--5 Sep--Media Planner Consultant
AIRA Capital Public Company Limited (AIRA) is taking a big step to join hands with AIFUL, a leading financial group from Japan, and sign a memorandum of understanding (MoU) to penetrate the personal loan business in Thailand.
Nalinee Ngamsettamas, Chief Executive Officer of AIRA Capital Plc, said the partnership with AIRA is the first overseas investment for AIFUL and the expansion into the personal loan business in Thailand will help drive AIRA’s business to have a big growth in the future.
AIRA Capital is a holding financial company. Having AIFUL Corporation as its partner is very important for AIRA because AIFUL is a top-four financial group specializing in personal loans in Japan. AIFUL has been established more than 47 year and has 750 branches nationwide.
AIFUL Corporation is a listed company on the Tokyo Stock Exchange since 2000. As of Sept 4, 2014, its market capitalization was 224.068 billion yen or 67.22 billion baht. Its partnership with AIRA is the company’s first investment outside Japan to enter the retail loan business in Thailand.
A joint venture company between AIRA and AIFUL will be established within this year.
The partnership with AIFUL Corporation is part of its business strategy to bring AIRA to become top-five non-bank providers faster than its earlier plan.
Meanwhile, Mr.Yoshitaka Fukuda , Founder, President and CEO of AIFUL Corporation, said that it is pleased to join hands with AIRA Capital Plc, which is one of financial leaders and specialists in Thailand and has a strong business and customer base.
AIFUL sees huge business potential in Thailand on the back of bright economic prospect and growing personal loan demand. That is why AIFUL chose Thailand as its first investment step outside Japan with AIRA as business partner.