FRIDAY, March 29, 2024
nationthailand

Krungsri Bank to launch financial literacy programme for Obec schools in bid to break cycle of poverty

Krungsri Bank to launch financial literacy programme for Obec schools in bid to break cycle of poverty

Krungsri Bank and its business units have joined the Office of Basic Education Commission (Obec) and the Equitable Education Fund (EEF) to launch an animated series to promote financial literacy and discipline among youth in 28,000 schools nationwide.

The online financial literacy platform, titled “Simple to Learn – Stay Save during Covid-19” has been developed as part of Krungsri’s sustainable development goals (SDGs). It offers four basic concepts – think before buying, saving, young bookkeepers and recycling. It will also help students understand the “new normal” and other relevant financial precautionary measures in a post-Covid economy.

Seiichiro Akita, Krungsri president and chief executive officer, said: “The financial literacy project is one of Krungsri’s flagship missions to reflect the fact that financial institutions play an important role in socio-economic development of the country. Not only do we provide capital to the business sector and customers across all segments, but we also perform our mission of fostering a proper balance of economic, social, and environmental considerations.

“The series aims to cultivate financial discipline among youth and is expected to help build their immunity against potential problems emerging from personal and household indebtedness – a critical foundation of sound and sustainable economic growth,” Akita added.

Sanit Yamgesorn, Obec’s deputy secretary-general, said: “Cultivating financial discipline and literacy is crucial to ensuring sound money management and better quality of life for young people.

“We will disseminate the animated series among schools under the supervision of Obec. This series will be integrated into Obec’s learning project of cooperatives, developed by Obec’s Bureau of Student Activities Development,” he said.

Dr Kraiyos Patrawart, EEF’s deputy managing director, said: “The animated series aims to enhance financial knowledge and discipline among elementary students nationwide, including those from the underprivileged sector. With financial literacy, these students will be able plan and manage their personal finances both in terms of spending and saving, thereby boosting their financial immunity and advancing their own and their family’s quality of life, which is key to breaking the cycle of generational poverty.”

nationthailand