Bangkok: Government Savings Bank aims to extend its lending services to more than 1 million people by the end of the year, focusing on aiding over 920,000 debtor accounts to advance its societal mission.

According to Thai News Agency, Mr. Vitai Ratanakorn, President of the Government Savings Bank, highlighted the bank's initiative to provide financial access to those relying on informal sources due to personal financial history constraints. The bank aims to offer loans to over 1 million retail customers by 2025, targeting more than 920,000 debtor accounts.

The initiative includes several loan programs: 150,000 credit-building loans for individuals with no credit history, 240,000 job creation loans, and 110,000 school-opening loans. Additionally, the bank has approved 120,000 loans for retail customers, including People's Bank loans and emergency loans for disaster victims, reaching 620,000 individuals as of May 2025. The bank plans to extend loans to vulnerable groups to meet the 1 million people target by 2025.

In its debt resolution efforts, the bank has launched projects like the You Fight, We Help initiative to support debtors affected by various issues. This includes aiding retail debtors, SMEs, and non-bank debtors, assisting over 190,000 debtors with 300,000 debtor accounts. This accounts for 33% of registered debtors in commercial banks and specialized financial institutions combined, as of April 2025.

The bank has also implemented debt relief measures, such as reducing installments and extending repayment periods for both normal and NPL status debtors, aiding over 119,000 debtor accounts. Furthermore, the bank plans additional assistance for NPLs with credit lines under 100,000 baht and debt forgiveness for COVID-19 relief loans, aiming to close over 500,000 bad debt accounts by July 2025. These measures are expected to alleviate the debt burden for over 920,000 accounts.

The Government Savings Bank is committed to supporting government policies under the directives of Prime Minister Ms. Paethongtarn Shinawatra and Deputy Prime Minister and Minister of Finance Mr. Pichai Chunhavajira, to create broad economic and social impacts.