The Bank of Thailand has been assessed for the year 64 by the Bank of Thailand at an improved level.
Date 31 Oct 2021 time 20:17
The Bank of Thailand has been assessed for the year 64 by the Bank of Thailand at an improved level. and maintain the ratings at the highest levels AAA(tha) and F1+(tha) for the 10th year in a row.
Government Housing Bank revealed that it received a better composite rating for the year 2021 from the Bank of Thailand. as a result of the operation according to the mission “Make Thai people have homes” with efficient customer service technology There is a good monitoring and risk management system. At the same time, the credit rating agency “Fitch Ratings (Thailand)” has affirmed the Bank’s National Long-Term Rating at the highest level of “AAA(tha)”. The domestic short-term rating is “F1+(tha)” and the rating is Stable for the 10th year in a row, reflecting its strong financial profile. stable and stable
Mr. Chatchai Sirilai Managing Director Government Housing Bank (GHB) disclosed the results of the assessment Rating of financial institutions (Composite Rating) for the year 2021 from the Bank of Thailand (BOT) that the Bank of Thailand received a better assessment result from the previous audit in 2020, which is a result of It comes from the bank’s ability to carry out its missions. “Make Thai people have a home” as well. This is reflected from the operating results of the year 2020 that the Bank of Thailand has been able to issue new loans of up to 225,151 million baht, the highest in 67 years since the bank’s inception, continuing until the third quarter of 2021, which has still issued 166,173 new loans. million baht and helping customers who have been affected by the income from COVID-19 continuously from 2020 to the present, with a total of 968,555 customers who have entered the measures, with a total balance of 842,056 million baht, as well as focusing on developing services through digital channels As can be seen from the number of subscribers for the latest Application : GHB ALL is over 1.2 million. [คิดเป็น 55% ของจำนวนลูกค้าทั้งหมด] The number of transactions via GHB ALL as of the end of September 2021 increased by 34.21% from the end of 2020, including bringing technology to support internal operations. In order to become a Digital Bank in the future and use the technology to collect data using Data Analytic methods to make use of such databases. This has a positive effect on the system of screening documents for loan applications. Accounts Receivable Tracking System and internal audit At the same time, the bank also has a good risk management and auditing system based on the Three Lines of Defense process, a tool to monitor work processes at each level. This results in a good governance process and the achievement of work objectives effectively.
Recently, the Bank of Thailand has received a credit rating from Fitch Ratings (Thailand) Co., Ltd., an international credit rating agency. It has affirmed the Bank’s National Long-Term Rating at “at the highest level” AAA(tha) and the National Short-Term Rating at F1+(tha) for the 10th consecutive year since 2012. That’s the highest for credit ratings in the country. The credit rating is likely to continue to be stable, indicating that it is the largest home loan provider in Thailand. with strong performance It also plays a role in helping customers who have been affected by COVID-19 all the time, both in the form of debt restructuring. and waiver of loan repayment conditions
In the credit rating of the Bank of Thailand, Fitch Ratings stated that the Bank of Thailand is a state-owned financial institution. established under the specific Act Under the Government Housing Bank Act 1953, it plays an important role in the implementation of government policies to promote housing loans to low and middle income people. that cannot access the credit of commercial banks Therefore, prompt assistance from the state is obtained in case of need. In the past, the bank did not have a need for government assistance. Due to the relatively good financial performance This is reflected from the Tier 1 capital of 14.3% in the first half of 2021. The credit rating reflects its credit stability and good corporate management efficiency. in financial management and drive the mission towards the bank’s goals.
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