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Homes
for all
The Government Housing Bank was established in 1953, under
the supervision of the Ministry of Finance. With its head
office located on Ratchadamnoen Klang Avenue, the bank had
an initial capital of 20 million baht and a goal of providing
mortgage loans to low- and medium-income workers. The loans
were intended to allow Thai families to purchase their own
homes and improve living standards throughout the country.
After all, a happy family in a secure home is the bedrock
of Thai society and the basis for the kingdom’s future growth
and development.
In addition to providing loans, the Government Housing
Bank undertook land development, housing construction,
property rentals, and hire-purchase business lines
and also acted as a developer of residential real
estate. In 1972, several of these roles were assumed
by the newly created National Housing Authority.
This allowed the Government Housing Bank to concentrate
on providing loans and offering other financial services.
The Government Housing Bank’s rapid growth and increased
customer base meant that expansion was inevitable.
In 1986, the bank moved into gleaming new offices
on Rama IX road and a year later, opened its first
provincial branch in Chiang Mai.
Today, there are 118 branches and sub-branches nationwide,
including 29 in Bangkok. This network of branches
is equipped with state-of-the-art technology and is
staffed by dedicated workers. With two million families
already housed and a housing market that is improving
daily, the Government Housing Bank can look forward
to another successful half a century of helping to
make happy homes possible for all Thai people.
Where the heart is
The Government Housing Bank has a very clear vision.
It aims to improve the standard
of living of people throughout the kingdom and help
them lead more comfortable and fulfilling lives. This
can be achieved by providing hard-working people with
a home – somewhere they can raise a family and call
their own.
The more homeowners there are, the more stable and
productive Thai society will be.
Of course, a house is not just home; it is a sound
financial investment for the future.
By encouraging home ownership, the Government Housing
Bank is also helping to strengthen the Thai economy.
The bank plans to become the leading provider of
financial services in the kingdom, especially for
housing loans. The Government Housing Bank can compete
very effectively against commercial banks in this
area, by offering lower interest rates and 50 years
of experience. By working closely with customers and
employing the latest technology, while providing highly-trained
and understanding staff, the Government Housing Bank
can offer the best possible services and ensure complete
customer satisfaction.
As a government-owned institution, the bank is instrumental
in implementing government policies, especially with
regards to economics and housing. However, the Government
Housing Bank also feels that it has a social role
to play in the kingdom at large. In this capacity,
the bank operates various schemes to donate money
to worthy causes and contribute to the development
of Thai society.
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