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Presentation on Nov. 23, 2019 Re-expansion of Digital Finance
File size: 2.53 MB.
GL Presentation of 3Q/2019
File size: 1.66 MB.
GL Presentation of 1Q/2019
File size: 981 KB.
GL Presentation of 3Q/2018
File size: 1.02 MB.
GL Thailand 4.0 'Lifecycle Finance' Company
File size: 2.82 MB.
5-year strategic plan
File size: 2.47 MB.
The Summary of extraordinary general meeting of shareholders No. 2/2016
File size: 2.45 MB.
Business in Cambodia 28 May 2013
File size: 4.32 MB.
1Q2013 Results Briefing
File size: 6.07 MB.
|Consolidated financial statements||Separate financial statements|
|Yield Rate (%)||34.27||28.96||24.34||31.90||31.20||31.31|
|Interest Rate (%)||5.50||5.48||5.09||5.42||5.31||5.03|
|Net Yield Rate (%)||28.77||23.11||19.25||26.49||25.89||26.28|
|Net Profit Rate (%)||10.15||*(53.96)||30.84||12.23||*(74.43)||26.71|
|Return on Equity (%)||5.15||*(23.34)||10.53||8.57||*(26.41)||6.65|
|Return on Total Assets (%)||2.00||*(10.23)||5.97||3.39||*(11.39)||3.74|
|Total Assets Turn Over Ratio (Times)||0.20||0.19||0.19||1.52||0.15||0.14|
|Financial Policy Ratio|
|Ratio of Liability to Equity (times)||1.53||1.51||1.07||1.35||1.57||1.14|
|Ratio of Total Receivable to Loan from (times)||0.98||1.08||1.78||1.19||1.19||1.62|
|Dividend Rate (%)||N/A||N/A||50.07||N/A||N/A||86.13|
|Asset Quality Ratio|
|Ratio of Allowance for Doubtful Debt to Total Receivable (%)||5.14||19.91||2.61||7.57||4.62||4.71|
|Bad Debt to Total Receivable (%)||3.71||3.39||3.93||4.83||4.30||8.31|
|Ratio of Non performing loan to Total Receivable (%)||20.22||19.00||2.10||6.79||4.78||5.05|
* The group has net profit rate, return on equity and return on total assets were decreased in 2017 from allowance on disputed loan, allowance on loan and interest receivable and allowance on investment loss in associate, allowance for doubtful accounts of other receivables and allowance for doubtful account of other current assets. However, this allowance is a non-cash transaction, in case of the receivables were repaid in the future, the provision could be reversed for the same amount
Financial Statement Yearly 2019 Financial Statement Q3/2019 Financial Statement Q2/2019 Financial Statement Q1/2019
Financial Statement Yearly 2018 Financial Statement Q3/2018 Financial Statement Q2/2018 Financial Statement Q1/2018
Financial Statement Yearly 2017 Financial Statement Q3/2017 Financial Statement Q2/2017 Financial Statement Q1/2017
Financial Statement Yearly 2016 Financial Statement Q3/2016 Financial Statement Q2/2016 Financial Statement Q1/2016
Financial Statement Yearly 2015 Financial Statement Q3/2015 Financial Statement Q2/2015 Financial Statement Q1/2015
Financial Statement Yearly 2014 Financial Statement Q3/2014 Financial Statement Q2/2014 Financial Statement Q1/2014
Financial Statement Yearly 2013 Financial Statement Q3/2013 Financial Statement Q2/2013 Financial Statement Q1/2013
Financial Statement Yearly 2012 Financial Statement Q3/2012 Financial Statement Q2/2012 Financial Statement Q1/2012
Financial Statement Yearly 2011 Financial Statement Q3/2011 Financial Statement Q2/2011 Financial Statement Q1/2011
Financial Statement Yearly 2010
|Bid Price / Volume (Shares):||2.52 / 30,300|
|Sell Price / Volume (Shares):||2.54 / 12,100|
|Day's Range:||2.50 - 2.58|
|52 Weeks' Range:||2.26 - 8.80|
Corporate Governance Report of Thai Listed Companies 2019Group Lease received a rating of "Very Good" in the scoring results in the CG Report 2018 by the Thai Institute of Directors (IOD)
The Company received a rating of "Very Good" in the corporate governance scoring results for Thai listed companies of year 2018. Currently, Thai listed companies are evaluated according to 5 main categories derived from the Organization for Economic Corporation and Development (OECD) principles of corporate governance that are Rights of Shareholders, Equitable Treatment of Shareholders, Role of Stakeholders, Disclosure and Transparency and Board Responsibilities.
Mr. Skol Harnsuthivarin
Chairman of the Board of Directors
|Education||Thai Barrister at Law, Institute of Legal Education
Bachelor of Law, Thammasat University
|Position||Secretary of Rice Inspector Committee to The Thai Chamber of Commerce and Board of Trade of Thailand|
Mr. Pholdej Therdphithakvanij
|Education||Ph.D (Civil Engineering) Lehigh Univ. USA
MD. (Construction Mgmt) Washington Univ., USA
MD. (Structure Engineering) Washington Univ., USA
|Position||Managing Director, Baka Engineering Co., Ltd.|
Mr. Viboon Engkagul
|Education||Bachelor of Laws, Chulalongkorn University|
|Position||Lawyer, Internet Law Consultants Ltd.|
Mrs. Sumalee Chokdeeanant
|Education||MBA, Kasetsart University
Bachelor of Laws, Sukhothai Thammathirat Open University
Bachelor of Accounting, Thammasat university
|Position||Chairman of Audit Committee, Cigna insurance Pcl.|
Mr. Troy Andrew Schooneman
|Education||LL.B., Monash University
B.A. (Psychology), Monash University
Mr. Tatsuya KonoshitaDirector
Chief Executive Officer
Education BA. (History), Osaka Univ.
Mr. Muneo TashiroDirector
Chief Operating Officer
Education BA. (Faculty of Literature), Osaka Univ.
Mr. Alain Jean Pascal DufesDirector
Chief Financial Officer
Education Baccalauréat D‘Mathematics and Physical Sciences'
Mr. Riki IshigamiDirector
Education LLB., Asia Univ., Tokyo
Mr. Yusuke KozumaDirector
Education BA. (Planning Department) Osaka Univ., Japan
Mr. Tomohiko ShojiDirector
Education Sagamihara High School, Kanagawa-ken, Japan
Mr. Kaname HashimotoDirector
Education BBA., Kwansei Gakuin Univ., Japan
Group Lease Public Company Limited (Thailand)
Mr. Muneo Tashiro
GL Finance Public Limited Company (Cambodia)
Mr. Riki Ishigami
PT. Group Lease Finance Indonesia (Indonesia)
Mr. Nikolay Kosyakov
BG Microfinance Myanmar Co., Ltd. (Myanmar)
Mr. Kaname Hashimoto
Commercial Credit and Finance Public Limited Company (Sri Lanka)
Mr. Roshan S Egodage
The Board of Directors of Group Lease Pcl. realizes the importance of good corporate governance which will add more value to the Company and also contribute long term benefits to its stakeholders such as shareholders, employees, suppliers, customers as well as the society as a whole. Therefore, the Board has resolved the following Corporate Governance Policy to serve as its operation guideline for the Board of Directors, management and all the employees :
- Emphasize on the responsibility to the society as a whole by encouraging the Directors, management and all the employees to carry out their duties and activities in compliance to the rules, laws, regulations as well as following the code of ethics in doing business.
- Emphasize on transparency in doing business by disclosing information in compliance to the related laws, rules and regulations.
- Initiate internal control system with the collaboration from the Board of Directors, Audit Committee and management so that the business operation is done in compliance to the good corporate governance principles. The guideline and efficiency of the auditing and internal control systems shall be regularly evaluated and reviewed.
- Carefully control the business activities which may lead to conflict of interest among different departments so that it becomes transparent and fair without any bias.
- Respect the rights of stakeholders. Treat all concerns with honesty and justice by supporting various activities to build good relationships among the stakeholders and sustain the stability growth of the Company’s business.
- Respect the legal right of the shareholders by giving them equitable treatment in shareholder’s meeting and also provide them with equitable and sufficient information.
- Maintain the operation guidelines to be in compliance with the management policy including the business philosophy according to the Company’s objective in order to protect the utmost interest of the shareholders.
- Treatment and Responsibility towards Shareholders
Carry out duties honestly and any decision making is done base on sincerity and fairness towards shareholders both major and minor shareholders and for the best interest of all concern as a whole
- Manage the Company’s business to the best prosperity, stability and contribute suitable return to the shareholders.
- Carry out duties to the best capacity and due care with full knowledge, experience and expertise
- Report on the Company’s factual financial status equally, regularly and completely to the shareholders
- Shall not disclose the Company’s confidential information to others improperly
- Shall not do any action that might lead to conflict of interest with the Company
- Treatment and Responsibility towards Employees
- Provide suitable remunerations to each employee in relation to their knowledge, ability, responsibility and work performance
- The appointment and transfer as well as rewarding and penalties of the employees shall be done fairly, sincerely and equally in relation to the knowledge, capability, suitability and the performance of such employee
- Treat employees with mercy and justice. Take care of the employees by giving importance on developing and training of knowledge and skill to the employees regularly by providing such opportunity to all employees
- Strictly comply with the laws and other rules in relation to the employees.
- Take care of the work environment so that it is always safe for lives and assets and hygienic for the employees
- Encourage the employees’ participation in determining the operation direction and problem solving of the Company
- Listen to the opinion and suggestions of the employees in all levels equally and fairly
- Treat employees on the basic of human dignity and respect their personal rights
- Treatment and Responsibility towards Customers
- Comply to the agreed contract, agreement or other conditions signed with the customers. In case of the inability to comply, notice or negotiation should be done in advance in order to find mutual solutions and to prevent further damage
- Attempt to build satisfaction and confidence of best qualified services under safe and suitable technology and continuously raise the standard of services
- Disclose information regarding the services provided completely, accurately and timely without any distortion and also maintain sustainable relationship with the customers
- Provide service channel to customers so that complaints can be handled fast and satisfactorily
- Operate business with reasonable cost but can still maintain standard services
- Give importance in keeping the customers’ information confidential and never use them for personal or related person’s interest
- Shall not ask, receive or offer any illegal/improper benefits to customers
- Treatment and Responsibility towards Suppliers
- Comply to contract, agreement or other condition signed with the supplier. In case of inability to comply, discussion should be done immediately in advance in order to seek mutual solution and able to protect future damage
- Treat different suppliers equally and fairly on the basic of mutual returns
- Shall not ask, receive or offer any illegal / improper benefits to suppliers
- Treatment and Responsibility towards Creditors
- Comply to contract, agreement or other conditions signed with the creditor. In case of inability to comply, discussion should be done immediately in advance in order to seek mutual solution and able to protect future damage
- Report financial information correctly, completely and timely to the creditor regularly
- Shall not ask, receive or offer any illegal/improper benefits to creditors
- Treatment and Responsibility towards business competitors
- Act within good competitive framework
- Shall not seek undisclosed business information of the competitor by illegal/improper method or inappropriately
- Shall not destroy business competitor’s reputation by false statements without truth
- Treatment and Responsibility towards Society and Environment
- Give importance to the activities in the community especially in development of society, community and environment. Create and conserve natural resources including the support of public activities especially educational activities
- Continuously encourage awareness of social and environmental responsibilities in the Company and in all levels of employees
- Coordinate and manage to have the related laws and regulations complied strictly
- React immediately and efficiently to the incidents that have impact on the environment and community which arising from the Company’s operation by fully coordinate with the government officer or other related organization
- Adhere to democratic and encourage employees to exercise their constitutional right to vote
The Company expects for the Board of Directors to work under best code of ethics framework to contribute to the utmost interest of the Company and all of its stakeholders within the following code of ethics framework:
- Carry out duties in compliance to the law, objectives, Articles of Association of the Company as well as the shareholders’ resolutions
- Manage operation with caution contributing to the interest of all stakeholders, both present and future, as well as maintaining the Company’s image
- Manage business operation with honesty without concentrating in politics or being under political influence and strictly being neutralized
- Have no conflict of interest in the business that competes with the Company’s business both directly or indirectly
- Manage business operation by avoiding personal conflict of interest with the
interest so that it is done effectively and efficiently. Such interests
- Not seeking unlawful benefit from duty both directly or indirectly
- Shall not abuse the Company’s information and after resigning from the Company, never disclose secret information of the Company
- Shall not become a director in the Company’s business competitor’s company
- Having no benefits or any conflict of interest from the Company’s contract signing
- Shall not accept assets or any other benefits which are contrary to the interest of the Company either for personal or family’s interest, e.g. never accept entertainment items, gifts, bus/air tickets or other tickets, leisure proposal, accommodations or other personal proposals
- Carry out duties to the best capacity for the best interest of the Company which includes the duty in Board of Directors’ Meeting and other committees
- The Company’s directors and its family members must not be a shareholder or receive benefits from the Company’s competitors or other businesses including other traders that may have conflict of interest with the Company. However, in the case that the company, business or such person is listed on the Stock Exchange of Thailand, the shares purchased from the SET or investment on mutual fund is not considered having conflict of interest with the Company’s interest provided that it does not have any impact on their duties with the Company
- Shall not do any action that involves in the management of other business which might undermining the Company’s benefits or support any individual person or juristic persons either for the benefit of oneself or others
- Shall not utilize inside information for buying or selling of the Company’s shares for own benefit or share such inside information to others for buying or selling of the Company’s shares.
- Shall not buy or sell Company’s shares at least 7 days prior to the disclosure of the Company’s financial statement or status of the Company including other material information.
- Disclose the shareholding and any change in the shareholding of the Company’s shares to the Company according to the company’s set rules to prevent the buying and selling of the Company’s shares by using inside information
- Self Conduct
- Seek more knowledge and experience in order to enhance oneself to be more knowledgeable which can develop oneself more effectively and efficiently
- Adhere to morals and must not beg for position, compliment or any other wrongful benefits from the supervisor or other persons
- Avoid all kinds of addictions and behave oneself in such a way that it might not lead to the deterioration of one’s own as well as the Company’s dignity and reputation. For example, do not get involve in too much debt, stay away from all kinds of gambling and never get involved in any type of drugs.
- Shall not involve in the profession or action which might adversely impact one’s own duties or reputation and the Company’s reputation.
- Avoid having financial problem with the Company’s suppliers or among other employees including the lending and borrowing of money, asking for donation, discounting cheques, etc. except for charity and public activities
- Treatment towards the Company
- Carry out duties with honesty, justice and prudently responsible with dedicating oneself both physically and mentally significantly for the best interest of the Company.
- Carry out duties diligently and always seek ways to develop and improve works to maintain efficiency
- Having discipline and always comply to the Company’s rules and regulations, Company’s value, culture which prescribed verbally or in writing
- Maintain one’s own dignity to be acceptable by others and also not to do anything that might ruin the Company’s image and reputation
- Utilize the Company’s resources to the best interest, conserve and take good care of them and never use them for personal interest
- Employees are forbidden to participate in any act or to conceal the act which has conflict of interest with the Company or which might prevent them from carrying out duties with fairness or participate in the concealing of any illegal acts.
- Shall not involve in any financial problem or incur any financial obligation with other persons who deal business with the Company
- Carry out duties in accordance with the health, safety and work environment policies
- Do not use one’s own authority or allow others to exploit the authority directly or indirectly to improperly seek for one’s own or other person’s interest
- Possess consciousness, commitment and responsibilities towards the Company in carrying out duties in compliance with the Company’s set objectives under the health, safety and work environment policies by strictly complying to the related policy, rules, regulations and directions
- Treatment towards other employees
- Encourage teamwork by offering coordination, assistance to each other for the overall interest of the Company
- Treat co-workers with politeness, generosity, good human relationship. Adapt oneself to be able to get along well with others and do not conceal information necessary in carrying out duties of the co-workers
- Respect others by not stealthily claiming other’s performance as one’s own performance
- The supervisor should be respectful and become good example for the subordinates
- The subordinates should treat their supervisor with respect
- The subordinates shall listen to the supervisor’s suggestions and always pay respects to them and be polite to other employees in higher position
- Avoid disclosing other employee’s story concerning both the work and personal issues or criticizing in such a way that it might destroy individual employee or ruin the Company’s image as a whole
- Do not do anything immoral to other employees
- Do not take any action that constitute sexual harassment against other employees as such action might lead to nuisance or undermine morale in the work environment, encouraging enemy or aggressiveness as well as interrupting the work of other employees unreasonably. Such behavior includes indecent actions or sex harassment whether verbally or physically
- Conflict of Interest
- Employee and family must not acquire any benefit or being the shareholder of the Company’s competitor’s company or businesses including suppliers that the Company is dealing business with. However, if such shares are the shares of listed company, such shareholding or investment does not considered having any conflict with the Company as long as it does not have any impact on their duties.
- Employee and family must not do any action which may hinder the Company’s interest whether arising from the persons having association with the Company’s business such as suppliers, customers, competitors or from the opportunity or information acquired from being the employee to seek personal benefit or from doing the business which competes with the Company’s business or from doing other duties other than the duties done with the Company which may impact the employee’s duty
- Shall not disclose or find benefits from the confidential information which includes the keeping of Company’s secret by ensuring that the Company’s confidential information or document does not leak out to irrelevant persons which might cause damage to the Company
- Do not use the Company’s information acquired on duty for one’s own or others’ interest improperly
- Avoid making comments or opinion to outsiders or the media on the Company’s matters without having authority or duty to do so or any other matters that might have impact on the Company’s image and operation
- Financial Reporting and Internal Control System
- Financial report should be done with accuracy, completeness, timely and reliability according to the generally accepted accounting standard
- Effective internal control system should be set up in order to ensure that the Company has complied to its standard rules and regulations and related laws
- Act properly without any bias in dealing business with the Company’s suppliers in order to protect against any blame of having special favor with a particular person which may lead to unfair procurement, auction, negotiation, etc. with the others
- Provide correct straightforward facts to the suppliers so that it does not hasten them to make wrong decision or get correct but inadequate information
- Do not accept any gifts, invitation to a feast or reception from the suppliers which especially arranged for a particular person or group including the invitation or any other activities financially supported by the suppliers so as to avoid any scandal and to protect against any probability to make compensation or give special favor in return for such gifts.
- Shall not expect or ask for any compensated benefits either personal or in groups from the suppliers in whatever opportunity or situation and never receive any bribes in whatever forms
- Only those suppliers who have the suitable qualifications and have the intention to accept the procurement job shall be invited to submit procurement proposals and those who do not have the qualification should not be invited just only to be used as bargaining tool with other suppliers. If only the proposal is needed for cost projection or budgeting purposes, such purpose should be informed clearly in advance
- Provide clear and correct bidding criteria and treat all suppliers /bidders equally. Additional information, once asked and given to any one bidder, should be given to the others as well. If a bidder asks for postponement of proposal submission date, the other bidders should be informed of the new proposal date immediately as well.
- The bidding price as well as other technical information of each bidder should be kept confidential
- Procurement process should be done fairly and honestly without any improper influence
- Giving or receiving gifts, properties or any other benefits or entertainment
- Employee and family must not request, receive or be allowed to receive money, things or any other benefits from the persons dealing business with the Company
- Gift giving or receiving is allowed conventionally but such giving and receiving should not have any impact on any commercial decision making in relation to the Company’s business
- Shall not accept the feast which consider to have too much value compare to the normal relationship from the persons who have the duty in dealing business with the Company
- Company’s stock trading and inside information usage
- Shall not use inside information for one’s own interest in trading Company’s shares or give inside information to other persons for trading of Company’s share.
- Shall not buy or sell Company’s shares at least 7 days prior to the disclosure of the Company’s financial statement or financial status including other important information
- Those employees who can access the Company’s important information must report their shareholding and the changing of shareholdings of the Company’s shares according to the Company’s set rule in order to protect against the abuse of inside information
- Information Technology Usage
- Avoid using illegal or morality violated internet site or forward the information and message of such internet site to others
- Avoid sending e-mail which interferes with the Company’s operation or creates nuisance or violates the Company’s rules, laws or moral
- Those employees who have special right to access other’s e-mail content can do so only after the approval from the authorized person
- Those employees who access others’ e-mail without approval from the authorized person shall be considered violating the Company’s rule
- It is the duty and responsibility of the directors and employees to acknowledge, understand and comply strictly to the Company’s Code of Ethics
- It is the duty and responsibility of the employees to evaluate themselves in term of business ethics set forth by the Company
- The channels of asking questions and reporting clues of violation of ethics
complaints are as follows:
- Through supervisor according to supervision line
- Through Human Resources & Admin. Manager
- Through Internal Audit Manager
Such reporting and complaints must be done in writing
This Business Code of Ethics is effective as of 26 October, 2007
Date Event 23 April 2019 AGM 2019
Date Event 26 April 2017 AGM 2017
Date Event 6 December 2016 EGM 2/2016 24 June 2016 EGM 1/2016 23 May 2016 แถลงข่าว GL จับมือ J Trust Asia รุกธุรกิจดิจิทัลไฟเเนนซ์ในภูมิภาคอาเซียน 13 May 2016 แถลงข่าว GL โชว์กำไรทุบสถิติทำ new high ชู vision ผู้นำดิจิทัลไฟเเนนซ์ในอาเซียน 28 April 2016 AGM 2016 15 February 2016 แถลงข่าว GL รุกใหญ่ตลาด CLMV+I ทุบสถิติกำไร 15 February 2016 Analyst Briefing
Date Event 10 November 2015 Analyst Briefing 14 August 2015 Analyst Briefing 27 April 2015 AGM 2015 13 February 2015 Analyst Briefing
Date Event 19-25 February 2014 Exercise period of GL-W3 (No. 2) 22-28 January 2014 Exercise period of GL-W3 (No. 1)
Date Event 18-24 December 2013 Exercise period of GL-W2 (No. 5) 8 November 2013 Extraordinary General Meeting No. 1/2013 19-25 September 2013 Exercise period GL-W2 (No. 4) 17 September 2013 Signing Ceremony with KBANK 5 September 2013 Signing Ceremony with Siam Kubota Corp. 27 August 2013 Analyst Meeting 19-25 June 2013 Exercise period GL-W2 (No. 3) 26 April 2013 AGM 2013 26 April 2013 Analyst Meeting 20-26 March 2013 Exercise period GL-W2 (No. 2)
Date Event 11 December 2012 Opportunity Day 25 October 2012 The Extraordinary General Meeting of Shareholders No. 2/2012 12 September 2012 The Extraordinary General Meeting of Shareholders No. 1/2012 27 April 2012 The Annual General Meeting of Shareholders 2012
Rights & Benefits
|29 March 2018||XM||
Book Closing Date : -
|04 May 2017||XD||
Book Closing Date : 11 May 2017
|30 Mar 2017||XM||
Book Closing Date : 04 Apr 2017
|10 Nov 2016||XM||
Book Closing Date : 15 Nov 2016
|30 Jun 2016||XW||
Book Closing Date : 06 Jul 2016
|27 May 2016||XM||
Book Closing Date : 01 Jun 2016
|09 May 2016||XD||Book Closing Date : 12 May 2016
Payment Date : 26 May 2016 00:00
Dividend per Share(Baht) : 0.156
Operation Period : 01 Jan 2015 - 31 Dec 2015
Source of Dividend : Net Profit
|28 Mar 2016||XM||Book Closing Date : 31 Mar 2016
Meeting Date : 28 Apr 2016 10:00
Agenda : Dividend payment,The issuance of debentures
Type of Meeting : AGM
Venue : Miracle Grand convention Hotel, Magic 2 Rm, 2nd fl., No. 99 Khampang Phet 6, Lak si, Don Muang, Bangkok 10210
|07 May 2015||XD||Book Closing Date : 12 May 2015
Payment Date : 26 May 2015 00:00
Dividend per Share(Baht) : 0.0625
Operation Period : 01 Jan 2014 - 31 Dec 2014
Source of Dividend : -
|25 Mar 2015||XM||Book Closing Date : 30 Mar 2015
Meeting Date : 27 Apr 2015 13:00
Agenda : Dividend payment
Type of Meeting : -
Venue : Ballroom 1 Room, 3rd fl., The Emerald Hotel-Bangkok, No. 99/1, Rachadapisek Rd.,Din Daeng, Bangkok 10320
|08 May 2014||XD||Book Closing Date : 14 May 2014
Payment Date : 28 May 2014 00:00
Dividend per Share(Baht) : 0.0568
Operation Period : 01 Jul 2013 - 31 Dec 2013
Source of Dividend : -
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There are about 2.5 billion people in the world who lack access to finance. They work in agriculture, fishing, or operate small shops in rural areas in emerging countries. They need investments to improve their lives. For example to expand their shops, to own transportation allowing them to travel to more cities to sell their agricultural products, and to obtain lights and electricity so their children can study even without sunlight.
We would like to provide them small, but very big and meaningful loans, to them. We provide funds needed to grow the “Emerging Consumers” and “Emerging Enterprises” in the “Grass Roots Economy”. This is our original and still current mission for our digital finance business.
The lady in the picture is a Cambodian. Her family has lived together in the same village for more than 100 years. She was in desperate need of solar panels so that her grandchildren can study, however there was no bank or finance company in the village and she was refused financing in the nearest city because she did not have any income verification and thus was considered to be “not credible”. At last, she was about to borrow money from local loan sharks but instead Grouplease provided financing to her.
The finance is how to give credits to strangers.We Group lease run credit checks in a unique wAt Grouplease, we run credit checks in a unique way and have established own risk management system that allows us to provide credit to the 2.5 billion people who lack access to finance to improve their lives. This is our mission.
We have 3 values, First, Fast & Forward. We move first, fast, and forward.
In 2011 we expanded to Cambodia when there was no law allowing leasing and in 2012 became the “First” company to receive a leasing business license after financial leasing law was established. Since then, we have expanded faster than anyone else. We are “Fast” and open new POS every 3 days. We are also “Forward” thinking and are expanding this new finance model developed in Cambodia to all over the world.
Our strategy is very different from other finance companies in three aspects.
First, we are global. We have full operations in 6 countries while others operate only in their home country.
Second, we focus on rural areas where 2.5 billion people who lack access to finance live. Others focus on cities where doing business is convenient and everything is easily accessible.
Third, “Digital”. We have developed our own IT system for people at “Emerging Grass Roots” economy and keep updating it every day.
We call our business “Digital Finance” which are composed of IT network, Finance method and Commerce (POS) network.
At the end of 2015, we were in only 3 countries: Thailand, Cambodia and Laos. In 2016, we have full-scale operations in 6 countries and with every country profitable. In Indonesia, we achieved profitability in very first quarter after receiving our business license. No other finance company can perform faster than that.
* Recorded more than USD $30 million in Net Income *
The key focus for our finance business is controlling bad debts. It is very important to select customers who will pay on time to control the bad debts.
The important point of screening is to “Know Your Customer (KYC)”. We focus on understanding our customer’s real information. At screening, our staff visit all customers house by motorcycle. Our staff interview each customer at his or her house, confirm its location and the customer’s background, and interview the neighbors to reconfirm the information.
Typical finance companies focus on documents, having their staff to collect and check papers. However, our target “Emerging Grass Roots” customers do not have such documents, so we cannot screen via documents. Additionally, it is very common in our emerging markets that documents are old and inaccurate and therefore do not provide us with true information. We control our bad debts ratio, very low compared to peers, by our own screening system.
Our staff key in and send useful and true information through our original application to headquarter in real-time. Our country headquarters can then make a decision in a couple of hours based on the in-person collected information. Our method provide us with a fast and efficient screening.
POS & Collection
This is our basic business unit: one table, a few chairs, one computer, one smart phone and one or two staff.
The investment amount per one unit of POS is about USD $400. The low cost explains why we can expand so quickly in rural areas. We do not have Managers at our POS but instead connect each one directly to our local headquarters. Alternatively, other finance companies set up attractive but expensive branches with offices, air-conditioning, electricity and many other facilities. This system has huge cost and speed differences compared to ours. Our “flat structure without middle cost” allows us to expand as fast as opening 100 POS in half a year while other finance companies “hierarchy structure with big middle management costs” prevents them from doing so.
To accelerate our expansion, we are forming alliances with companies in different fields who already have POS networks. For example, we can provide finance via their POS and through their agents. We can achieve this because we have our original IT system.
We will connect with all current dealers and partners networks. Our partners, TrueMoney, which has about 5,000 agents in Cambodia, and AMK Consortium, which has about 22,000 retail shops in Myanmar, will be connected through our original IT system
These dealers become our dealers who introduce “Emerging Consumers” to us and become our clients as “Emerging Enterprises” at the same time.
At the end of 2015, we had about 1,000 dealers.
At the end of 2016, we had more than 50,000 dealers.
At the end of 2015, we had about 200 thousand contacting customers.
At the end of 2016, we had about 20 million potential contacting customers.
High-speed expansion and small investments, these are the strong points of our Digital Finance.
Next target is
10 million shops and 100 million customers in 2018.
We are IT company and also a finance company. We have expandability like an IT company, monetizing ability like finance company and real points of contact to reach customers in rural areas. We can sell any products and serve any kinds of business. This is our Digital Finance business.
Continue to lead IT Innovation
Continue to lead Finance Innovation
Continue to lead Commerce Innovation
Digital Platform for Billions of People.
Digital Platform for Millions of Products.
||Thailand (1986~ )|
|Cambodia (2012~ )|
|Laos (2015~ )|
|Myanmar (2017~ )
|Thailand (2015~ )|
||Cambodia (2014~ )|
|Laos (2015~ )|
|Indonesia (2016~ )|
||Laos (2017~ )|
||Thailand (2014~ )|
||Thailand (2014~ )|
|| Myanmar (2017~ )
||Thailand (2018~ )|
||Thailand (2018~ )|
- Leading financier in Laos
Strategic Investors and Partners
(top 10 shareholder of GL, a leading American impact investment fund active in Asia, Latin American, and Europe, and also active in Microfinance sectors)
(leading financial institution in Sri Lanka which GL owns 29.99%. Listed in Colombo Stock Exchange.)
(signed MOU in 2016 to incorporate their 5,000 Cambodia agents into GL’s salesforce)
(our partner in Myanmar who has more than 22,000 grocery and 1,400 wholesale shops)
33% more dealers. Thailand ready to expand
36% growth. Cambodia Growth came back.
The general outlook of growth in Digital finance business (Group Lease PCL)
Group Lease announces 1Q2019 performance (Q&A): 16 May 2019 at Swissotel Le Concord Bangkok Hotel.
Group Lease announces 1Q2019 performance: 16 May 2019 at Swissotel Le Concord Bangkok Hotel.
Group Lease announces 3Q2018 performance (vol.1) : 15 November 2018 At Swissotel Le Concord Bangkok Hotel
Group Lease announces 3Q2018 performance (vol.2) : 15 November 2018 At Swissotel Le Concord Bangkok Hotel
Group Lease announces 3Q2018 performance (Q&A) : 15 November 2018 At Swissotel Le Concord Bangkok Hotel
GL International group conference The announcement of 5 years business planning Group Lease Public Company Limited
GL International group conference GL Thailand 4.0 ‘Lifecycle Finance’ Company
Group Lease announces a 5-year strategic plan : Strategy
Group Lease announces a 5-year strategic plan : Financial forecast
Group Lease announces a 5-year strategic plan : SUBSIDIARIES STRATEGIC PLAN
Group Lease announces a 5-year strategic plan : Q&A
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63 Soi 1 Thetsabannimitrtai Road,
Ladyao, Chatuchak, Bangkok 10900.
+66 (0)-2580-7555 Ext. 8107
Chairman of the Corporate Governance Committee
Group Lease Pcl.
P.O Box 149, Bang Sue,