Bangkok, July 20 - Government Savings Bank prepares to set up a non-bank for retail lending. Turn around the business at the beginning of the year '67, the loan amount is ten thousand-hundred thousand baht per person. Prepare a plan to stimulate the economy Inject money to retailers
Mr. Withai Rattanakorn, director of the Government Savings Bank, revealed that he was preparing to apply for permission from the Bank of Thailand (BOT) to operate a business that is not a financial institution (Non Bank) to lend to retail. both at the grassroots level through nano finance At present, the interest rate for loans in the market is 28-30 percent, lending is 8,000 baht per person, and personal loans. Lending from 30,000 -100,000 baht per person to use as working capital, small businesses, shops, general affairs, hoping to reduce loan interest in the system by 3-5 percent, resulting in loan interest from the current 25 percent reduced to 20 percent, not aiming to spend money for general consumption.
Including getting a refinance Focus on general retail target groups It is a very large group of customers. The target is to lend to small groups in the first period of 2-3 hundred thousand, hoping to help alleviate the interest burden in the system. but probably not able to bring down the interest rate of the whole system Set a goal to open for service in March 2024. After that, it will expand the lending mission through the Digital Lending system, allowing retailers to apply for loans online. to facilitate the new generation
The Government Savings Bank has prepared a plan to stimulate the economy. to inject money into the system According to the Ministry of Finance instructing the state banks to prepare measures drive the economy during the establishment of the government hoping to reduce the interest burden Adding funding sources for retailers to have working capital in small businesses Details have to wait for the Ministry of Finance to announce measures together with all state banks soon. In line with the BOT's measures, the Bank of Thailand is preparing a plan to solve household debt problems in collaboration with financial institutions. After specifying 70% of fragile debtors belong to state banks. But in the part of the Government Savings Bank The balance is not very high because the debt balance has decreased continuously from 1.2 million to 8 hundred thousand cases, currently remaining 3.5 hundred thousand cases, therefore ready to take measures to solve debt problems. To use to cut the principal, cut interest, reduce the debt burden for retailers.-Thai News Agency
Source: Thai News Agency