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Outgoing GSB president proud of his legacy

Jun 11. 2020
GSB president Chatchai Payuhanaveechai
GSB president Chatchai Payuhanaveechai
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The Government Savings Bank (GSB)’s outgoing president Chatchai Payuhanaveechai said he is proud of his role at the bank, which has provided financial relief to individuals and businesses to help them pull through the Covid-19 crisis.

He said GSB has launched many loan packages and relief measures over the past five months to help customers suffering from the impact of the outbreak.

The packages include low-interest loans for non-banking institutions, financial institutes and small- and medium businesses for which the bank earmarked Bt150 billion. So far, there have been 13,093 applicants and Bt108 billion worth of loans has already been approved.

As of the first half of this year, the bank’s net profit was Bt5 billion, with deposits worth Bt2.47 trillion and total assets of Bt2.8 trillion.

GSB has continued to upgrade itself in all aspects to better serve customers in response to the fast-changing digital era and the impact of the outbreak, he added.

Currently, 7.9 million of GSB customers use the bank’s mobile application.

He said in line with the “new normal”, the bank has embraced the “delivery banking” concept, which means customers do not need to travel to its branches for basic services that can be accessed via different channels such as a mobile bank or online.

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