GH Bank to borrow Bt14bn more from BOT

TUESDAY, AUGUST 14, 2012
GH Bank to borrow Bt14bn more from BOT

The Cabinet today approved the Government Housing Bank's additional borrowing from the Bank of Thailand, under a soft loan programme to aid victims from last year's floods.

 

Earlier, it borrowed Bt6 billion from BOT under the scheme. Coupled with Bt3 billion of its own funding, the bank has loaned the entire amount to its clients. The bank said that several clients are left out of the programme.
Under the scheme, the bank will be charged 0.01 per cent for the soft loan and it can charge no more than 3 per cer per annum from clients.
The soft loan programme targets to lend a total of Bt300 billion.