NTBI expanded its insurance product line to include health insurance and accident insurance.
The Company expanded the types of collateral accepted for title loans to include agricultural vehicles.
The Company began offering installment payment for insurance.
The Company relocated its headquarters to TURBO CAMPUS, located at 500 Moo 3, Tiwanon Road, Ban Mai Subdistrict, Pak Kret District, Nonthaburi 11120, covering more than 14 rai (approx. 5.5 acres).
TRIS Rating assigned the Company a corporate credit rating of “BBB-” with a “Stable” outlook.
The Company began selling products via cash and installment payments through NTBPL.
At the Extraordinary General Meeting of Shareholders No. 1/2023, the following resolutions were passed:
Approval of the conversion of the Company from a limited company to a public limited company, and the name was changed to Ngernturbo Public Company Limited.
The par value of the Company’s ordinary shares was changed from THB 10.0 to THB 0.5 per share, resulting in an increase in total shares from 111,111,000 to 2,222,220,000 shares.
Approval for an increase in registered capital by THB 248.9 million, raising the registered capital from THB 1,111.1 million to THB 1,360.0 million by issuing 497,780,000 new ordinary shares at a par value of THB 0.5 each, including:
(1) Up to 447,780,000 shares for the initial public offering (IPO); and
(2) Up to 50,000,000 shares reserved for the exercise of warrants allocated to directors and employees of the Company and its group companies.
The Company released a short film titled “Is There Anything Else You're Worried About?” to reinforce its commitment to helping customers recover and regain financial stability.
NTBI signed a strategic partnership agreement with Muang Thai Life Assurance Public Company Limited.
The Company increased its registered capital by issuing 11,110,000 new ordinary shares at a par value of THB 10.0 each to companies within the KASIKORNBANK Group.
As a result, the Company’s registered capital increased to THB 1,111.1 million, and the KASIKORNBANK Group became the second-largest shareholder, holding
The Company continued to support customers affected by COVID-19 pandemic (Phase 3) in accordance with Bank of Thailand policy.
NTBI received a life insurance brokerage license from the Office of Insurance Commission (OIC).
The Company launched customer relief measures during the COVID-19 pandemic (Phase 1 and 2), in line with the Bank of Thailand’s policy.
The Company launched an advertising campaign titled “Because Life Holds More Than What We See” to express its commitment to improving the quality of life, under the slogan "Ngernturbo – Standing With You in Every Opportunity."
The Company co-founded the Vehicle Title Loan Trade Association to promote standards and transparency in the vehicle title loan business.
NTBI obtained a non-life insurance brokerage license from the Office of Insurance Commission (OIC) and began offering automobile insurance policies.
The Company received licenses from the Ministry of Finance to operate Personal Loan and Nano-finance Loan.
The Company opened its first branch at Bang Yai City Market, Nonthaburi Province.
The Company was incorporated with an initial registered capital of THB 1,000.0 million, divided into 100,000,000 ordinary shares with a par value of THB 10.0 per share, to operate a personal loan business.
