- Business
- Asia Sermkij Leasing Public Company Limited Asia Sermkij Leasing Public Company Limited engages primarily in automobile hire purchase financing for new and used passenger and commercial vehicles including pickups, vans, trucks and taxis; personal loans; sale and hire purchase back services; floor plan financing for automotive dealers; and ancillary services such as auto registration, transfers, tax renewal and insurance facilitation. The company operates through subsidiaries Bangkok Grand Pacific Lease Public Company Limited, which provides machinery and vehicle leasing, hire purchase, domestic and international factoring, other financing including solar rooftop leasing, and vehicle registration services, and SK Insurance Broker Company Limited, which offers insurance brokerage. Founded in 1984 and headquartered in Bangkok at No. 129 JLK Tower, 20th Floor, Sukhumvit Road, the company maintains 19 branches across Thailand in provinces including Rayong, Chiang Mai, Chonburi and Phuket, plus two hubs in Bangkok, serving nationwide customers in the hire purchase, leasing, loan, factoring and insurance broker segments. In recent developments, the company expanded to 19 branches from 17 in 2022 to broaden its nationwide reach, while adopting stricter lending policies amid rising non-performing loans and elevated credit costs in 2024, resulting in slower loan growth of approximately 5% year-on-year and a net profit trough before projected recovery in 2025-2026.