Amid a liquidity crunch, Government Savings Bank (GSB) aims to accelerate lending in the second half of the year to achieve loan growth of 3-4% for 2026.
Loan growth
Songpol Chevapanyaroj, president and chief executive of GSB, said the bank recorded loan growth of around 3% in the first half of the year, with the positive momentum expected to continue in the second half.
The state-owned bank typically targets loan growth of twice GDP growth, or around 3-4% this year, according to Mr Songpol, who has served as chief executive for about five months.
To support this target, GSB is preparing to roll out a new "Loan on Demand" facility that allows businesses to adjust their credit lines according to their actual funding needs. The product is designed to offer greater flexibility by enabling customers to borrow only what they need, rather than maintaining a fixed credit facility throughout the year.
