The Bank of Thailand revealed that the 2020 performance continues to grow strongly and create opportunities for Thai people to have a home continuously amidst the COVID-19 epidemic. New loans were 225,151 million baht, the highest in 67 years, an increase from the year 2019, accounting for 4.57% and higher than the target of 15,791 million baht, outstanding loan of 1,320,308 million baht and NPL of 47,572 million baht or 3.60% of total loan amount Net profit 10,494 million baht, down 21.41% while in 2021, moving forward with the concept “Be Simple, Make it Simple” or making Thai people easy to have a home with the Bank. % Under strategy Aiming to upgrade banking services to Digital Service Bank
Mr. Chatchai Sirilai Managing Director The Government Housing Bank (GHB) revealed its operating results in 2020 compared to the end of 2019 that even in 2020, there will be a problem with the coronavirus 2019 (COVID-19) epidemic, which has an impact. On the overall picture of the Thai economy, the Bank can continue to create opportunities for Thai people to have a house according to their mission. This can be seen from the highest number of new lending loans in 67 years since the bank’s inception, at 225,151 million baht, 140,386 accounts, an increase of 4.57%, surpassing the target of 15,791 million baht and divided into new loans for low and middle income. The loan amount is not more than 2 million baht, 88,007 people, resulting in total outstanding loan balance of 1,320,308 million baht, an increase of 9.18%.
Total assets were 1,399,138 million baht, an increase of 12.41%, total deposits of 1,162,687 million baht, an increase of 17% and had non-performing debt (NPL) of 47,572 million baht or 3.60% of total loans, a decrease from 2019. Which has an NPL of 4.09% as a result of the Bank’s customer assistance measures affected by COVID-19 in accordance with the government and Bank of Thailand (BOT) policies that have been implemented since By the beginning of 2020, the rate of NPL generation is declining.
In the year 2020, the Bank has helped customers through 10 measures, with a maximum amount of 687,489, the remaining principal account is 576,139 million baht, while the Bank has gradually set aside additional provisions for doubtful accounts. To prepare for the impact of COVID-19 in the future and to support TFRS 9 standard amounting to 96,456 million baht, an increase of 11.18% or equivalent to the NPL of 202.76%, reflecting the strength of the bank and its readiness. However, in 2020, the Bank posted a net profit of 10,494 million baht, a decrease of 2,858 million baht or 21.41% from the previous year due to lower interest rates. To help customers While the BIS ratio remains very strong at 15.30% (as of November 2020), higher than the minimum capital fund set by the Bank of Thailand.
“A key factor that keeps banks outperforming their target loans despite the COVID-19 epidemic. In the past year, the Bank of Thailand brought the money from the sale of the savings lottery. To come out loan products with lower interest rates than the market and meet the needs of each professional customer. Both products in the Social Solution group for low-income people, such as the housing loan measure of the Bank of Thailand, the amount of approval and the transaction of up to 28,540 million baht, the Bank of Thailand project, we do not leave each other 28,900 million baht. In the Business Solution group for people with middle income and above The product with the highest legal approval and transaction amount is a 3-4 quarter D Plus loan of 21,970 million baht, as well as a reduction in transfer and mortgage fees to 0.01% for housing sales of less than 3 million baht and The preparation of promotions to stimulate the sales of real estate entrepreneurs “
For the year 2021, the Bank continues to move forward with the main concept “Be Simple, Make it Simple” or make Thai people easy to have a home with the Bank. “Make Thai people have a home” by preparing to sell a new series of savings lottery banks to produce low-interest loan products Set a target for new loans of 215,641 million baht, an increase of 3% from the target for 2020, outstanding loans at 1,374,116 million baht.
Under the strategy to continue from 2020 to upgrade banking services to Digital Service Bank in 2021 and to become a full-scale Digital Bank in 2023 according to Roadmap. “3 steps ladder” Including
1. Bringing core services, both credit and deposit, to the Digital Platform to serve customers without having to come to the branch.
2. Aim to reduce the number of transactions at the counters within the branch to 5% of the total transaction amount.
3.As for the number of transactions via electronic machines, such as credit payment kiosks, LRM or QR Non Cash Payment at the storefront, remaining 15% and increasing the number of transactions via Application: GHB ALL to 80% by 2022.
It is currently in the process of developing the GHB New Normal Services project in Phase 3, which is scheduled for service in March 2021, as well as moving forward with the Virtual Branch project, a non-office credit facility where customers do not have to come to the branch but still receive services. As if at a branch Which officially started operations since January 13, 2021 with a target to lend new loans through the project of 10,000 million baht
At the same time, the bank also gives importance to And providing assistance to customers affected by COVID-19 income Closely through the “Bank of Thailand Reunification Thai Nation Project Year 2021” with 4 measures to reduce installment payments. (Installment payment will cut the principal and cut the interest) for a maximum of 6 months, starting with the registration of customers wishing to enter the first measure From January 15, 2021, as of January 28, 2021 at 24:00 hours, there are customers who have registered to enter measures, totaling more than 102,000 accounts, the remaining balance of 95,000 million baht.
For customers who have never participated in the Bank’s assistance measures, the bank will open for registration requesting to participate in the 11th measure through Application: GHB ALL from February 1, 2021 from 9:00 a.m. to February 26. 2021 time 22.00 hrs. To reduce the installment payment (the payment will be written off Principal and interest cut) for a period of 6 months (February – July 2021). For more information, contact the Bank of Thailand at all branches of the country or the Customer Relations Center (Call Center) at 0-2645-9000 and Facebook Fanpage of the Government Housing Bank.
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