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GSB to boost lending and debt suspensions in 2021
CorporateNov 20. 2020GSB president Vitai Ratanakorn
By The Nation
The Government Savings Bank (GSB) will next year focus more on suspending debt for customers while also increasing loans in an effort to revive the economy, said its president Vitai Ratanakorn.
He believes the economy next year will still feel the pinch from the Covid-19 outbreak. GSB’s lending is 2021 will focus on the grassroots economy, which has been hit hardest by the outbreak’s impact, he added.
While GSB judges that the economy has bottomed out, questions remain over its rate of recovery, according to Vitai. He forecast that the economic impact of Covid-19 as well as political tensions would last long into next year.