GSB not change its interest rate

By k on February 9, 2010

BANGKOK, 9 February 2010 (NNT) – The Government Savings Bank (GSB) has voiced readiness to help solve the informal debt problem as assigned by the Ministry of Finance and manage non-performing loans (NPL) at the same time.

GSB President, Lersuk Chuladesa stated that the Department of Comptroller General had sent a list of informal debtors to the GSB. He said the GSB would take care of about 300,000 informal debtors. According to the president, around 130,000 debtors have less than 50,000 THB of debt while about 200,000 debtors have an obligation of more than 50,000 THB.

Five-hundred thousand people registered in the informal debt refinancing scheme of the government via the GSB while another 500,000 people registered with the Bank for Agriculture and Agricultural Cooperatives.

Mr Lersuk voiced his confidence that the bank would be able to lease and manage loans to aid the debtors without increasing the NPL ratio of the bank which is currently around 7%, worth one billion THB.

Over 200,000 participants join in informal debt refinancing scheme BANGKOK, 13 December 2009 (NNT) - More than 200,000...
Informal debt refinancing applicants tops 125,000 BANGKOK, 12 December 2009 (NNT) – More than 125,000...
IBANK helps relieve credit card debts BANGKOK, 14 December 2009 (NNT) – The Islamic Bank of...
SME Bank expects to commence loan release for informal debts in March BANGKOK, 24 February 2010 (NNT) – Small and Medium Enterprise...
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