Policy and Business Overview

Ratchthani Leasing Public Company Limited operates loan service business in hire purchase and finance leasing for commercial cars, vehicles, other assets and one-stop services. In 2020, the main target group of the Company was the commercial cars, both new and used cars. Currently, the commercial car segment was accounted for 65% while other car and assets segment was accounted for 35% of total loans. However, the Company conducts business with a credit policy which mainly considers the return on loans. To maintain the spread of interest to meet the goals set.


Ratchthani Leasing Public Company Limited was established on 2nd June 1988 under the original name of “Ratchthani Leasing Co., Ltd.”, with an initial capital of 6 Million Baht.  The initial business aimed at the hire purchase loan services for second hand automobiles, both to individual retail customers and to second hand car dealers (Floor plan). Since its establishment, the Company has been increasing its registered capital for the business expansion.  Its registered capital was raised to 36 Million Baht in the first year and to 56 Million Baht and 168 Million Baht in 1992 and 1995 respectively.

At present, the Company conducts business of vehicle hire purchase loans and financing loans and has cancelled loans for used vehicle operators (Floor Plan). The Company focuses on providing loan services to the vehicle market of which the Company has expertise, that is, new and old commercial vehicle market, such as pickup, taxi, tractor, truck, etc., including old passenger car market.  In addition to the above services, the Company also provides after-sales service relating to the main business, such as annual car registration renewal service, coordination of car insurance renewal service, and vehicle condition inspection before paying annual tax service, etc. This is to provide convenience to customers and to increase incomes for the Company.  It is beneficial for both parties in terms of asset protection for customers and damage prevention for the Company.

Key Development


The Company was registered as the public company and changed its name to “Ratchthani Leasing Public Company Limited” in August 2002 and was approved to be the listed company on the Stock Exchange of Thailand (SET) on 19th December 2002.


The Company had the better information technology development which helped customers communicate to the Company on website and get significant fundamental information, important news, such as reference price of second hand cars. The Company also provided the partial payment service and other fees payment service with the Bar Code system and ATM system. All services were to provide more convenience to customers. During this year, the Company received the “BBB” credit rating from Tris Rating Co., Ltd.


The Company applied for membership of National Credit Bureau to obtain customer’s information and use it for considering credit approval and blocking hirers who are not capable to pay back to the Company’s leases.


The Company opened a new hire-purchase service center in Wongwaen-Kanchanaphisek area, Bangkok to meet retail customer’s demand in credit and hire-purchase refinancing for automobiles.


The Company had policy to develop Management Information System to support the market expansion to regional offices across the country.


The Company expanded 5 branches in other regions: Nakorn Ratchasima, Khonkaen, Rayong, Pitsanulok and Ratchaburi.  However, Ratchaburi branch was closed later. The company started leasing services for corporate customers, target customers were the second hand cars of higher than 1 Million Baht value.


The Company opened a new branch in the South is Surat Thani branch.


The Company opened a new branch in the North is Chiangrai branch.


The Company’s credit rating was upgraded by Tris Rating Co., Ltd., from “BBB” to “BBB+”, “Stable” outlook.


The Company opened a new branch in the North-East is Ubon Ratchathani branch.


The Company expanded 3 branches in other regions: Udorn Thani branch, Had Yai branch in Songkhla province, Nakorn Sawan branch.


The Company’s credit rating was upgraded by Tris Rating Co., Ltd., from “BBB+” to “A-”, “Stable” outlook.


Bank of Thailand allows the Company to establish RTN Insurances Brokers Co., Ltd, as Thanachart Financial Business Group. By conducts non-life insurance, life insurance, and related business. RTN Insurances Brokers Co., Ltd. were established on 6th November 2018 with a capital of 2 Million Baht and raised to 4 Million Baht allocated for 40,000 shares at the par value of 100 Baht/share. The Company invested in RTN accounting for 100% of total paid-up capital (including direct and indirect shareholding.)



The Company was selected for the outstanding performance in the Environmental, Social and Governance: ESG by Thaipat Institute and was in the Universe of ESG 100 Securities Group in 2020 for the sixth consecutive year.


The Company received re-certification for membership of Thailand’s Private Sector Collective Action Coalition Against Corruption (CAC), together with Thanachart Group.


The Company received the assessment “Excellent” score for the third consecutive year from the Corporate Governance Report of Thai Listed Company: CGR for the year 2020 held by the Thai Institute of Directors.


To be the leader in the loan services for commercial cars, vehicles, other assets and one-stop services that can satisfy customer’s needs covering all provinces nationwide.



The Company will conduct business with transparency, efficiency and sustainable growth in order to continuously generate good returns to shareholders.


The Company will develop human resources to expertise, professionalism and provide the proper remuneration to sustain the qualified employees with the Company.


The Company will create better relationships, confidence, and a fair return on business to trade partners in long-term business partnership.


The Company will provide customers fairly, develop products and services to the excellence to meet the customer’s needs of all target groups.


The Company will conduct business in accordance with good corporate governance with honesty and resistance to all forms of corruption in order to give back to society and to cooperate in the country’s economy development.


The Company will conduct business with responsibility to the resources and environment and involving in the conservation, rehabilitation and balance of the ecosystem.

Core Values

Customer Focus

We will give importance to customer’s demand and will focus on providing services to the excellence.


We will make it as a team work.


We will be committed to working to achieve the goal and being responsible for the result.


We will work with determination and dedication.


We will persist in honesty, transparency and anti-corruption.


We will occupy knowledge, skills and capabilities sufficient to perform our duties.

Organization Chart

December 25, 2019

Board of Directors

August 13, 2020

Mr. Virat Chinprapinporn


Mr. Kovit Rongwattanasophon

Director/ Managing Director

Mr. Charoensuk Kijitti


Mr.Somjate Moosirilert


Miss Suvarnapha Suvarnaprathip


Mr. Kamtorn Tantisirivat


Mr. Sorasak Chayaraks


Dr. Thakol Nanthirapakorn

Independent Director/ Chairman of Audit Committee

Mr. Surapon Satimanont

Independent Director/ Member of Audit Committee

Mr. Varavudh Varaporn

Independent Director/ Member of Audit Committee

Mr. Suvit Arunanondchai

Independent Director/ Member of Audit Committee

Dr. Naree Boontherawara

Independent Director/ Member of Audit Committee

Management Team

As of 31st December 2020

Name Position
1 Mr. Virat Chinprapinporn Chairman
2 Mr. Kovit  Rongwattanasophon Managing Director
3 Mr. Komsan Boonyoiyad Deputy Managing Director, Hire Purchase & Marketing and Branch Administration
4 Mr.Ponlaphe  Sakkayapapwicharnon Senior Assistant Managing Director, Credit Control
5 Mr.Jaturaput  Hnudang Assistant Managing Director, Commercial loans
6 Miss Unchan Srisom Senior Vice President of Accounting and Planning & Strategy (CFO)

IR Contact

Ratchthani Leasing Public Company Limited

77/35-36 Sinsathorn Tower, 11UP Floor,Krungthonburi Road., Kholngtonsai,

Khlongsarn, Bangkok 10600 Tel.02-431-9000 Fax.02-431-9099

Office of the Managing Director

77/35-36 Sinsathorn Tower, 11 Floor,Krungthonburi Road., Kholngtonsai,

Khlongsarn, Bangkok 10600 Tel.02-431-9000 Fax.02-431-9099

Email : rungtip_c@thani.co.th

Planning and Strategy

77/35-36 Sinsathorn Tower, 2 Floor, Krungthonburi Road., Kholngtonsai,

Khlongsarn, Bangkok 10600 Tel.02-431-9000 Fax.02-431-9099

Email : unchan_s@thani.co.th