Thailand’s economic landscape is set for a major boost as government-backed financial institutions shift focus toward stimulating growth. Deputy Prime Minister Pichai Chunhavajira recently directed state lenders to prioritize economic recovery efforts, with GH Bank leading the charge by committing an extra 150 billion baht in loans before year-end.
The strategic move aims to create a ripple effect, generating employment opportunities and supporting businesses across multiple sectors. GH Bank President Kamonpop Veerapala confirmed the initiative, highlighting the institution’s strong performance in the first half of 2024 with over 100 billion baht already disbursed.
This aggressive lending strategy aligns with the bank’s annual target of 241.78 billion baht, reinforcing confidence in Thailand’s economic resilience. By redirecting capital into productive sectors, the government hopes to accelerate recovery and sustain long-term growth.
With GH Bank playing a pivotal role, the initiative underscores Thailand’s commitment to revitalizing its economy through strategic financial interventions. The coming months will reveal the full impact of this bold fiscal maneuver.