Bangkok: GH Bank has released new loans in 2025 totaling over 80 billion baht, marking a 30.75% increase over the same period last year, with a target of 240 billion baht set for the year.
According to Thai News Agency, this growth is attributed to the government’s economic stimulus measures and a range of loan products, particularly those aimed at the elderly, in response to the Aging Society. GH Bank anticipates that its non-performing loans (NPLs) will reach 5.13% but will rise at a slower pace. Despite a reduction in net profit due to interest rate cuts and customer support initiatives, the “You Fight, We Help” measure has been utilized by 22% of eligible customers.
Mr. Kamolpop Virapala, Managing Director of the Government Housing Bank (GHB), along with Mr. Wittaya Sangphakdi and Ms. Phaninee Manosanti, announced the bank’s operating results for 2025. As of May 25, the bank has achieved 35% of its annual target of 241,780 million baht. GH Bank leads the market with a 42.8% share in housing loans for the first quarter of 2025. Despite an earthquake affecting the region, condominium transfers at GH Bank rose by 7.7% compared to last year, indicating sustained consumer confidence and demand for housing.
The bank continues to offer various low-interest home loan products and has aligned with government measures to stimulate the real estate sector, including reducing transfer and mortgage fees for residences priced under 7 million baht. Initiatives include the Premier Home Loan, DC3 debtor support measures, and repair-decorate loans, all designed to encourage economic activity and support customers financially.
To further aid the Aging Society, GH Bank has introduced the Home for the Elderly 2025 project, Aging Home Loan Project 2025, and the Reverse Mortgage (RM) project for seniors. These programs offer favorable interest rates and extended repayment terms, allowing elderly customers to borrow for home improvements or refinance existing mortgages.
The bank expects its NPL ratio to increase to 5.13% in 2025, a slower climb than in previous years, with a significant slowdown anticipated in the latter half of the year. Economic conditions impacting repayment ability remain a concern. GH Bank’s net profit is projected to be lower this year due to interest rate reductions aimed at customer assistance. The “You Fight, We Help” measure has seen 330,000 eligible customers register, representing 22% uptake.