GSB to raise B60bn in Q2 for loans | Bangkok Post: business

Business > News

GSB to raise B60bn in Q2 for loans

- +

The Government Savings Bank (GSB) plans to mobilise 60 billion baht in the second quarter this year to fund its plan for loan extensions of 160 billion baht this year. 

The fundraising plan will account for 35% of the state-owned bank's total fund mobilisation of 1.7 trillion baht this year, said Woravit Chailimpamontri, president and chief executive, adding the bank would raise funds through deposits and the issuance of premium lottery certificates and other financial instruments.

The bank slated about 30% of its 160 billion in loans to fund government projects, he said.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments