The Government Housing Bank’s (GHB) new president has announced his intention to aid 800,000 Thai citizens to acquire homes over the next 4 years.
New GHB President Chatchai Sirilai has declared that he intends to have the bank facilitate up to 800,000 citizens to purchase their own homes over the next 4 years. He asserted that the bank has a strong base of 1.2 trillion baht in assets, putting it in a position to effectively carry out his mission.
To achieve the goal, the bank will implement 3 mechanisms, which consist of assisting the misfortunate in accessing funds, making the bank a leader in offering home loans and utilizing electronic payment systems to effectively manage its capital.
He stated that through effective management, the bank should be able to help 200,000 households acquire homes each year. The bank aims to holds one third of the market share for home loans within the 4 year period as well.
GHB has released 56 million baht in loans so far this year, up from 13 million during the same period last year. It attributed the marked increase to the government’s stimulus measures. Its non-performing loans rate has been maintained at 5.77 percent.
