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Friday, March 29, 2024

GSB still backing low-income borrowers

The atmosphere at GSB’s booth at Money Expo 2022. The bank posted a profit of 27.1 billion baht as of December 2022, up from 25.3 billion a year before.  Nutthawat Wicheanbut

Government Savings Bank (GSB) plans to continue to help low-income borrowers access loans this year on a fair borrowing cost basis through its newly launched mortgage subsidiary and its existing digital lending application, says president Vitai Ratanakorn.

GSB subsidiary Mee Tee Mee Ngern aims to extend land collateral loans worth 10 billion baht this year. The company is a joint venture between GSB, Dhipaya Group Holdings and Bangchak Corporation.

Mee Tee Mee Ngern was established with 1 billion baht of registered capital, with GSB owning 49%, Dhipaya 31%…

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