The Government Savings Bank or GSB on Monday gave an update on aspects of its 20-year business strategy, which aims to create jobs for lower-income people, improve the quality of life for ageing citizens and support small and medium-sized enterprises and start-ups.

The Government Savings Bank (GSB) has announced a 100-per-cent growth in net profit year on year. The bank reported net profit of Bt13.479 billion for the first quarter of 2018, a figure boosted by gains from the sale of its stake in IRPC Plc to PTT Plc early this year, the bank’s president and chief executive officer Chatchai Payuhanaveechai said at a press conference.