Government Housing Bank Revealing the operating results during the first 6 months of 2022, new loans were issued, enabling Thai people to have houses of 134,998 million baht, an increase of 27.08%, pushing the total outstanding loans of 1,526,414 million baht, total assets of 1,581,652 million baht, with non-performing debts. Generate income (NPL) 4.41% of the total loan amount
23 Jul 2022 – Mr. Chatchai Sirilai, Managing Director The Government Housing Bank (GHB) disclosed its operating results as of the second quarter of 2022 that after the government relaxed measures to control the spread of COVID-19, economic activities People’s incomes have adapted to more normal conditions. Which is important for people who have adjusted from the impact of income to make a decision to buy a house before interest rates increase in the future.
As of June 30, 2022, the bank was able to issue new loans of 134,998 million baht, 106,067 accounts, an increase of 27.08% from the same period of 2021, representing 59.62% of the 2022 new loan target of 226,423 million baht. Not more than 2.5 million baht for 58,448 low- and middle-income groups, resulting in the end of the second quarter of 2022 compared to the end of 2021, the bank had total outstanding loans of 1,526,414 million baht, an increase of 4.65%. Total assets 1,581,652 million baht, an increase of 5.00%, total deposits 1,345,830 million baht, an increase of 5.57%. Non-performing debt (NPL) amounted to 67,251 million baht, or 4.41% of total loans. This is an increase from the end of 2021 with NPL of 4.00% of total loans. The bank has set aside allowance for doubtful accounts at 121,066 million baht, representing a ratio of 180.02% to NPL, reflecting its stability and ready to cope with the impact of COVID-19 in the future, with a net profit of 6,069 million baht and a net profit ratio of 6,069 million baht. The BIS Ratio remained strong at 14.73%, higher than the minimum capital requirement set by the Bank of Thailand (BOT).
However, the bank continues to issue new loans. This was because it received support from the government’s policy from the Bank of Thailand’s easing of mortgage loan measures (LTV). Reduction of transfer and mortgage fees to 0.01% per type for the purchase of new homes with prices up to 3 million baht. The decline in real estate prices due to competition from real estate operators has led to a promotion campaign. continuous sales coupled with the bank’s low interest rate loan products. This makes customers who have adapted from the impact of income from COVID-19 to make a decision to buy housing faster. The new loan that customers choose to use the most is the GH Bank project for you, with an interest rate of only 3.15% per year for the first year, with a cumulative approval amount of 34,658 million baht. Low, fixed at only 1.99% per annum for the first 4 years. Latest as of July 18, 2022, 99,760 people have registered to participate in the project, 20,311 have applied for credit, with a credit limit of 18,358 million baht, and 18,707 have been approved for credit. Loan 16,322 million baht
While taking care of customers who are affected by the income from COVID-19, the Bank of Thailand is currently extending the assistance period. Passing sustainable debt restructuring measures in 2022 by lightening the burden on customers both reducing interest rates and choosing to split the installment payment to reduce annuity for customers And aiming to maintain the house to remain a customer. As of July 12, 2022, there are 72,496 customers in the process of helping measures, with the remaining balance of 74,176 million baht. The terms of the measure or partial payment accounted for up to 96%.
“Given the trend of interest rates that many parties expect that the Monetary Policy Committee (MPC) has a chance to raise the policy rate in late 2022, as well as many central banks that have raised according to the Federal Reserve (Fed). already causing people to accelerate their decision to buy housing During the period of low interest rates, the Bank is confident that at the end of 2022, the Bank will be able to provide new loans higher than 280 billion baht. as long as possible To help customers have time to adjust and not be burdened with living expenses. But it is ready to raise deposit rates according to the market to prevent the outflow of deposits and to have enough capital to lend to people who want to own a house. and with higher financial costs Therefore, it is expected that the bank will be affected by 2022 at least 2 billion baht,” Chatchai said.
In addition, in the second half of the year, the Bank of Thailand is preparing to introduce new digital technologies to enhance customer service according to the goal to become a fully digital bank (Fully Digitized), such as the establishment of a Digital Service Center (DSC) to support customers. who want to access credit and deposit services through specific digital channels such as Mobile Application GHB ALL, as well as the Bank’s social media. must have branch Project for storing Electronic File instead of the original license (No title deeds) The bank will store them in electronic files instead of storing the real title deeds. This allows customers to immediately receive the original title deed to take home on the day of the act. which currently provides services to welfare customers and will be able to expand to all new borrowers within the third quarter s The service has been started for customers since June 14, 2022. After signing the contract, customers will receive electronic loan agreement documents via email.
In addition, the bank also facilitates the seller of housing or real estate operators who sell their homes to customers. GH Bank will receive a loan for the purchase of housing into the deposit account of the seller/ Real estate operators instead of preparing cashier’s checks. Thus, sellers do not have to waste time and process cashier checks received from buyers as before. The new service will be officially available in 2022 and ready to proceed with the GHB project. AI Virtual Agent to strengthen and enhance call center management effectively By using AI Voice Bot technology to help provide services like a financial service assistant for GH Bank customers, AI will help answer calls to customers who contact them immediately without having to wait in a long line. or call to alert customers of various services that are beneficial to customers, such as the completion of measures to help customers who are affected by the COVID-19 situation, or call to inform the change of home loan installments, etc.