Krung Thai Bank along with its subsidiaries has joined hands with the nation biggest secondhand car bid company to offer more alternatives to retail clients, enabling them to become the owners of secondhand car easier. Moreover, special privileges are offered; down payment as low as 0% and 84 installments payment. The Bank is the first providing such service.

On November 10, 2010 at KTB’s Head Office, Mr. Weidt Nuchjalearn, First Executive Vice President, Managing Director, Business Center Group, Krung Thai Bank PCL., Ms. Saowalak Chaidejsuriya, Managing Director, Union Auction Co.,Ltd., and Mr. Pinyawat Chandharakantanon, KTB Leasing Co., Ltd. have jointly signed a Memorandum of Understanding to facilitate retail customers ,which are government officials and state enterprise officers, enhance chances of bidding for secondhand cars.

This collaboration is the country’s first launching of full-ranged financial product, which KTB Leasing Co., Ltd. gives financial support to customers wishing to bid for Union Auction’s secondhand cars. Clients, especially government officials and state enterprise officers, are able to get an inexpensive car, with no need for having cash, as well as, being offered special privileges; down payment as low as 0% and 84 installments payment. Krung Thai Bank will lend credit line to Union Auction Co., Ltd. so that while waiting for credit approval process managed by KTB Leasing Co., Ltd, the company can pay an owner company for the cars and ask for registration book. Such service will help Union Auction Co., Ltd. to expand its business to car users.

Union Auction Co., Ltd. is the company operating open auction business with average sales of 1000 vehicles per week. With its standardized transparent bidding system, the company gain trust from financial institutions.