Bangkok: Government Savings Bank (GSB) is rapidly deploying assistance to address the crisis resulting from the conflict on the Thai-Cambodian border and severe flooding in Thailand's northern regions. The bank's measures include suspending debt repayments and offering loans to those affected by these disasters.
According to Thai News Agency, Mr. Vitai Rattanakorn, President of the Government Savings Bank, announced that immediate aid is being delivered to individuals impacted by the unrest in the Thai-Cambodian border provinces of Ubon Ratchathani, Si Sa Ket, Surin, and Buriram. Additionally, support is extended to flood-stricken areas in the northern provinces of Nan, Chiang Rai, Phayao, Phrae, and Lampang. The bank has initiated a suspension of principal debt repayments for affected individuals, allowing partial interest payments to ease their financial burden during this challenging period.
The bank's relief measures involve a tailored debt repayment plan for all loan debtors, suspending principal payments until December 2025, and allowing partial interest payments based on the debtor's specific circumstances. Affected debtors are encouraged to contact their local Government Savings Bank branch to participate in these relief measures.
Further, the bank has allocated a budget of 750,000 baht for flood relief in Nan, Chiang Rai, Phayao, Phrae, and Lampang. GSB has distributed over 2,500 piggy banks to aid victims and delivered essential goods to underserved field hospitals. For those affected by the border unrest, a budget of 500,000 baht has been set aside to provide necessary supplies to shelters in Ubon Ratchathani, Si Sa Ket, Surin, and Buriram.
In addition to these efforts, GSB is offering emergency loans of 20,000 baht at 0% interest and home renovation loans up to 500,000 baht under special conditions. Further information can be accessed via the bank's website or through the GSB Contact Center at 1115.