FEat the target of 6 billion baht!! GH Bank’s performance in 2022 issued new loans of 286 billion baht, higher than the target by 26.70%.
22 Jan. 2023 – Mr. Chatchai Sirilai, Managing Director Government Housing Bank (GHB) revealed the bank’s performance at the end of 2022 that the bank was able to issue new loans of 286,888 million baht, 234,266 accounts, an increase from 2021, representing 16.21% higher than the new loan target for 2022, which is at 226,423 million baht, the amount of 60,465 million baht, or 26.70% of new loans released Divided into loans with a credit limit of no more than 2.5 million baht for 120,415 low- and middle-income groups.
As of December 31, 2022, compared to the end of 2021, the Bank had a total outstanding loan balance of 1,589,699 million baht, an increase of 8.98%, maintaining its leadership in the housing loan market. with a market share of outstanding mortgage loans in the financial institution system at 33.48% (data as of September 2022), with total assets of 1,659,445 million baht, an increase of 10.16%, total deposits of 1,416,497 million baht, an increase of 11.11%; generating income (NPL) in the amount of 59,814 million baht, accounting for 3.74% of total loans. decreased from the end of 2021 at 4.00%, reflecting the efficiency of NPL management by proactively providing measures to help customers who encounter installment problems, for example, allowing low installment payments Reduce interest rates on special loans And installment payments, which as of January 3, 2023, there are 62,175 accounts in the process of receiving assistance according to the measures, the remaining principal is 61,728 million baht. 2023, a total of 22,967 cases, the Bank has set aside an allowance for doubtful accounts at 129,018 million baht, representing a high NPL ratio of 215.70%, for stability and readiness for future risks among customers affected by COVID-19. 19 with a net profit of 14,047 million baht and the capital adequacy ratio (BIS Ratio) remained strong at 15.18% (as of November 2022), higher than the minimum capital requirement set by the Bank of Thailand (BOT). .) set
As for the main factor that allows the Bank of Thailand to release new loans beyond the target in 2022 from the end of October 2022, it is caused by the overall picture of the Thai economy and people’s income that has recovered from various government stimulus measures. People decide to buy housing, especially in the last quarter of the year. This is considered the high season of the housing market before the measure to reduce transfer and mortgage fees. Including relaxing the LTV criteria until the end of 2022 and the announcement of a freeze on the mortgage interest rate of the Bank of Thailand until the end of January 2023, although throughout the year 2022 the Monetary Policy Committee (MPC) will adjust The policy interest rate has been raised to 0.75% per year, making all types of mortgage products of the Bank of Thailand attract the attention of people who want to have a home.
For the year 2023, the Bank of Thailand continues to move forward with government policies. create stability in life for the people by making Thai people have houses continuously The new credit target is set at 233,216 million baht, an increase of 3% from the 2022 goal of 226,423 million baht, part of which will come from cooperation with the Social Security Office (SSO) in creating a “credit project that Housing for the insured” under the framework of a total amount of 30,000 million baht to help reduce expenses for the insured. In the social security system, Section 33 can exercise the right to redeem mortgage housing. from other financial institutions to the Bank of Thailand, including to reduce the interest rate on mortgage loans borrowed with the Bank of Thailand, fixed interest rates for 1-5 years, equal to 1.99% per year, the maximum loan amount According to the remaining principal amount of not more than 2 million baht, after opening for insurers to request a code to join the project on December 20, 2022, the latest as of January 17, 2023, there are more than 57,000 insurers requesting a code to join the project through the Application GHB ALL GEN. and the Bank of Thailand has approved loans of more than 2,300 million baht.
At the same time, the Bank of Thailand has succeeded in developing GHB ALL GEN, a Mobile Banking Application that can provide all services. In January 2023 after starting to provide services to customers from October 26, 2022, customers will be able to apply for a loan. Talk to a digital loan officer online Digital Loan Officer (LO) Follow up on status after loan submission. Request a loan interest certificate And can also open a fixed deposit account at the same time, there is also an improvement in the customer service process, End to End Process, or customer service from the first step to the last step through all digital systems. This allows customers to receive convenience, speed and reduce the bank’s operating costs at the same time with 3 main modules consisting of 1. Funding Funding through multiple channels. electronic deposit Saving lottery 2. Loan aspect with GHB ALL GEN, using data analytic in housing price estimation to develop a Digital Appraisal system, allowing customers to know the preliminary home appraisal price immediately while applying for a loan with the authorities. Signing an electronic loan contract instead of signing a paper form with e-Contract and 3. Non-performing debt management with Application: GHB ALL BFRIEND helps customers who are facing problems in paying home loans with options and conditions. Debt repayment that is suitable for the problem and Application: GHB ALL HOME provides services for all needs. About second-hand houses, the Bank of Thailand
