Moody’s maintains GH Bank Baa1 rating.

Bangkok, Moody's maintains GH Bank's Baa1 credit rating and the credit rating outlook is stable, reflecting stable financial position. Mr. Kamonpop Weerapala, Managing Director Government Housing Bank (GH Bank) revealed that Moody's Investors Service, an international credit rating agency, Announcing the maintenance of the GH Bank corporate credit rating at the level of "Baa1" and the outlook for the GH Bank's credit rating at the level of "Stable" is considered a high level of credit rating for Thai financial institutions. Reflecting financial strength, services and stable liquidity throughout 2023. As of December 31, 2023, GH Bank issued new loans of 253,860 million baht, higher than the target set for 2023 in the amount of 235,480 million baht. Total deposits were 1,540,652 million baht, an increase of 8.76 percent from 2022, while non-performing debt to generate income (NPL), debt amount 66,343 million baht, or 3.87 percent of total loans Better than the target set It was at 4.16 percent and had assets of 1.79 trillion baht, an increase of 7.60 percent compared to the same period, reflecting that GH Bank is strong and stable. Ready to drive the Bank's mission to "Give Thai people a home". Source: Thai News Agency