SMC reports record net profit in 2018
Secondary Mortgage Corporation or SMC made a net profit of Bt102 million last year, some 3.8 times greater than the level achieved in 2017, SMC president Wasukarn Visansawatdi said on Monday.
She said the corporation had successfully managed its debt and also helped its customers to manage their loans, which in turn had boosted net earnings to a record level.
SMC also announced total assets of Bt18.97 billion at the year’s end, and a Bank of International Settlements ratio of 11.42 per cent.
It also has a securitisation bond worth Bt12.5 billion, she added.