Chiang mai: The Government Savings Bank (GSB) is proactively driving its second half of the year forward, in line with its seamless Social Bank strategy. The company is expanding into the loan and deposit business, creating innovative social finance solutions, and aims to achieve a social impact of over 17 billion baht by the end of the year.
According to Thai News Agency, Mr. Wirachai Amornratkonsuwet, Senior Executive Vice President of the Government Savings Bank and Acting President, stated that a meeting of branch operations executives was held on August 2, 2025, at the Chiang Mai International Convention and Exhibition Center in Chiang Mai Province. The meeting, attended by over 1,600 bank executives from both central and branch operations nationwide, aimed to determine the operational direction for the second half of 2025 under the social banking strategy. Mr. Wirachai expressed confidence that by the end of 2025, the bank will achieve a social impact reaching at least 17 billion baht.
In the second half of the year, the bank's social finance innovations will focus on helping entrepreneurs and retail customers access capital to sustain their businesses amidst an uncertain economic climate. Special loan terms, including GSB Smooth Biz, GSB D-VERs, and GSB D-Home, will be offered. Interest rates will be reduced by up to 3% per year for export customers affected by the Trump Tariff. The bank plans to introduce additional relief measures to support entrepreneurs and stimulate key business sectors. Retail loan products include home refinancing loans with 0% interest for three months, home top-up loans, and home-for-cash loans with favorable interest rates. Furthermore, loans will be accelerated to support grassroots groups, such as the People's Bank Project loan and the Credit and Opportunity Loan.
The bank expects to inject over 200 billion baht into the economic system in 2025, increasing liquidity for businesses and retail customers. In terms of deposits, GSB is promoting time-bound and targeted savings, including special savings bonds and Smart Junior deposits, aiming for a net deposit increase of at least 65 billion baht by 2025.
The Government Savings Bank operates as a social bank with four main roles: providing access to financial resources, resolving debt issues, contributing to social and community development, and supporting government policies to stimulate the economy. These initiatives align with the Creating Shared Value (CSV) concept, allowing the bank to achieve business profits while creating positive social impacts, fostering sustainable development.