High-value savings lotteries also help the institution deal with a mismatch in funding time horizons
Government Housing Bank (GH Bank) wants to tap wealthy customers by offering high-value savings lotteries, aiming to become a new choice for people looking to diversify investment risk and earn a decent return amid a possible global recession and high inflation rate.
Bank president Chatchai Sirilai said the high-value savings lotteries target wealthy customers looking for a secure investment asset, as the bank is owned by the government.
The lotteries’ interest rates are…