GSB pares back loan growth goal | Bangkok Post: business

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GSB pares back loan growth goal

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The state-owned Government Savings Bank (GSB) is set to lower its lending growth target and raise loan-loss provisions this year amid the heightening economic and political uncertainties, says its top official. 

President and chief executive Worawit Chailimpamontri said the bank will wait for the second-quarter economic growth figure before making a decision on its lending growth target.

The GSB has set a loan growth target of 80-90 billion baht this year, the same level as last year.

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