BANGKOK, 20 May 2013 – The Government Housing Bank (GHBank) has announced its performance in the first 3 months of this year, claiming it has reaped 2 billion baht in net profit.
The GHBank has reported its net profit of 3 billion baht for the first quarter of 2013, an increase of 5.4 percent; the bank has issued loans to over 34,000 new accounts, accounting for 27.8 billion baht.
At present, the bank has around 713 billion baht worth of outstanding loans, while the value of its total asset stands at 752 billion baht. Total deposits account for 585 billion baht, while non-performing loans or NPLs are to the tune of 55 billion baht; down by 7.5 billion baht from that of the same period last year. The bank’s non-performing assets stand at 2 billion baht combined, down by 35 per cent year-on-year.
The bank has also planned to open 30 new branches nationwide within this year, expressing that it will continue its campaign in providing housing loans to low- and middle- income people.
