Thai Times

Covering the Thai Renaissance
Sunday, Jul 27, 2025

Thailand's Finance Ministry Directs GH Bank to Inject 150 Billion Baht into Property Market

State-owned bank aims to boost economic recovery through new lending focused on job creation and renovation support.

Thailand's Deputy Prime Minister and Finance Minister Pichai Chunhavajira has mandated state financial institutions to shift their strategies towards economic stimulus, placing profit maximization secondary. In a policy meeting held at GH Bank, Pichai underscored the importance of mobilizing resources to invigorate the economy, specifically tasking the state-owned housing lender with injecting an additional 150 billion baht into the economy during the second half of the year.

This initiative is anticipated to stimulate job creation and sector expansion, with GH Bank's President Kamonpop Veerapala affirming the goal to disburse the additional funds in new loans by the end of 2025. Following a strong performance in the first six months, where over 100 billion baht in new loans were issued, the bank is poised to meet its yearly target of 241.78 billion baht.

In alignment with the government's objectives, GH Bank has introduced four new lending measures aimed at revitalizing the property sector:

  1. Premier Home Loan: Tailored for high-net-worth individuals, financing starts from 7 million baht with an introductory interest rate of 1.79% per annum for the first year.

  2. Repair & Decorate Loans: Designed for homeowners seeking renovations, these loans provide up to 300,000 baht, with the first 100,000 baht at a preferential interest rate of 1.00% per annum and the remaining amount at 1.99% per annum.

  3. Pre-Finance Premium Loan: Targeted at property developers in 27 high-potential provinces, offering a first-year interest rate of 3.90% per annum.

  4. Debtor Assistance Measure (DC3): A 30 billion baht initiative designed to assist customers categorized as 'Special Mention' (SM) with a 0% interest rate for the first six months and minimized monthly repayments set at 1,000 baht.

In addition to launching new loan products, GH Bank is actively supporting customers in financial distress, including those with non-performing loans (NPLs), through the 'You Fight, We Help' programme. This initiative, in collaboration with the Ministry of Finance and the Bank of Thailand, has attracted over 80,939 accounts in need of assistance, while measures for SM and NPL customers outside the primary program have aided over 373,000 accounts in stabilizing their financial situations, enabling many to keep their homes.

Kamonpop Veerapala emphasized GH Bank's commitment as a state-owned financial institution to prioritize homeownership accessibility over profit. The bank has adjusted its Minimum Retail Rate (MRR) to one of the most competitive in the market and expanded loan tenures to between 80 and 85 years to alleviate financial pressures on borrowers.

The bank's 'GH Bank Financial School' project aims to support low-income individuals or those lacking traditional income documentation in achieving homeownership through a disciplined 12-month savings program via the 'GHB ALL GEN' app, assisting over 50,000 participants thus far in building a track record for future housing loans.

Kamonpop highlighted that GH Bank’s strategies not only aim to inject funds into the economy and assist distressed customers but also seek to establish the institution as a sustainable financial provider going forward.

Newsletter

Related Articles

The British propaganda channel BBC News lies again.
0:00
0:00
Open
The British propaganda channel BBC News lies again.
0:00
0:00
Close
The British propaganda channel BBC News lies again.
Mr. Varawut Silpa-archa delivers his message boldly, clearly, and truthfully.
Trump: Leaders of Thailand and Cambodia agree to meet for ceasefire talks
Defense in action: Thailand has deployed Swedish-made Gripen fighter jets to bomb Cambodian military targets, in response to a Cambodian drone terror attack that killed 11 Thai citizens
Thai Acting Prime Minister Condemns Cambodian Military Action, Citing Civilian Deaths and Hospital Strikes
Deputy attorney general's second day of meeting with Ghislaine Maxwell has concluded
Intel Reports Revenue Beats but Sees 81% Rise in Losses
Thai Press Organisations Urge Caution and Accuracy in Coverage of Border Conflict
RTA refutes Cambodian media claim of F-16 strike on civilians
Thailand files UN complaint alleging Cambodian aggression, new landmines and cross-border attacks
How the Cambodia-Thailand military clashes started (2)
How the Cambodia-Thailand military clashes started (1)
Grab Thailand Launches Teen-Focused Safety Features for Ride-Hailing Users Aged 13 to 19
Thailand Says Over 100,000 Civilians Flee as Fighting With Cambodia Escalates Along Disputed Border
Chinese Firms Urged to Integrate into ASEAN Supply Chains as US Tightens Tariffs on Transshipments
Thailand Sets 2.8 Trillion Baht Tourism Revenue Goal for 2026, Prioritising 'Value Over Volume'
Nok Air Targets Mid-2028 Exit from Rehabilitation with Debt Reduced Below 400 Million Baht
CAMBODIA VS THAILAND: AIR POWER? WHAT AIR POWER?
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
Cambodia Fired First: A Minute‑by‑Minute Account From Thailand’s Frontline
Two Peaceful Buddhist Nations Now Trading Airstrikes Over the Hindu Preah Vihear Temple—A 1,100-Year-Old Shrine to Lord Shiva
Thai Civilian Death Toll Rises to 12 in Cambodian Cross-Border Attacks
Thailand Under Fire: Defending Sovereignty Against Cambodia’s Political Provocation
Two people have been killed in Thailand as fighting reignites along the border it shares with Cambodia
Six Thai F-16 fighter jets are being readied to respond in the Chong An Ma area of Ubon Ratchathani Province
Thailand Leverages Mobile Data to Boost Tourism Through 'Routes to Roots' Initiative
Cambodian forces initiated firefight near Ta Muen Temple in Phanom Dong Rak District, Surin Province
TSUNAMI: Trump Just Crossed the Rubicon—And There’s No Turning Back
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
Thailand recalls ambassador to Cambodia amid border tensions
Gulf Development Acquires Full Ownership of Pak Lay Hydropower Project in Laos
New Landmine Blast Escalates Thailand–Cambodia Border Tensions
Thai Airways International Set to Resume Trading on Stock Exchange
Thai House Approves Weekly Retirement Lottery Bill
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
The Podcaster Who Accidentally Revealed He Earns Over $10 Million a Year
Trump Announces $550 Billion Japanese Investment and New Trade Agreements with Indonesia and the Philippines
Thailand Regulator Greenlights Budget Mobile Plans Below 240 Baht
Two more landmines found along border disputed by Cambodia
Bank of Thailand Raises Concerns Over Proposed Financial Hub Amid Money Laundering Risks
Phu Lae International Animation Festival Opens in Chiang Rai
Civil Court Orders Return of ฿4.5 Billion to Brokers in Major Thai Stock Manipulation Case
Thailand's Industries Face Transition Risks Amid Rising Chinese Imports
Police Deploy High-Level Border Security in Four Thai Provinces Near Cambodian Frontier
Thailand Targets Cambodian Casino Tycoon in Nationwide Cybercrime Crackdown
Calls for International Legal Resolution Over Landmine Allegations Between Thailand and Cambodia
Thailand Prepares for Heavy Rainfall as Tropical Storm Wipha Approaches
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
×