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Government Housing Bank of Thailand reports $46.5 million profit in Q1

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The Government Housing Bank (GH Bank) has generated 1.49 billion THB in net profit for the first quarter of 2010 out of the year-round target of 5.27 billion THB.

According to GH Bank President Khan Prachuabmoh, the bank enjoyed total credit extension of 25.59 billion THB in the first quarter of this year as the net profit amounted to 1.49 billion THB. The bank saw 550 billion THB in deposits while its non-performing loan (NPL) stood at 8.92%, a decrease from 10.51%.

The GH Bank’s high profit and healthy credit extension resulted from the government's tax reduction policy to assist the property sector.

via GH Bank gains 1.49 bn THB in profit in Q1 : National News Bureau of Thailand.

Banking

The Importance of E-Wallets for Online Gaming Sites

With e-wallets and cryptocurrency being the most relevant options, banks have been put on the side burner, especially when e-wallets and cryptocurrency allow for fast electronic transfer, that is done instantly.

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e-wallet

Online gambling is an industry that needs to keep up with technological trends, to make sure it stays relevant and convenient within the gambling community.

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Banking

Thai Government to issue Bt50 bln ( $1.57 bln)Savings Bonds to fund COVID-19 Relief Measures

The special savings bonds are available via the “Sasom Bond Mung Kung” e-wallet, abbreviated to “Sor Bor Mor” in Thai on Krungthai Bank’s Pao Tang mobile app, and through four dealer banks. The minimum purchase of these bonds is 1,000 baht, without no maximum. Interest is paid twice a year.

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BANGKOK (NNT) – Thailand’s Public Debt Management Office (PDMO) plans to issue “Ying Aom Ying Dai” (the more you save, the more you earn) government savings bonds, worth 50 billion baht, next month, aiming to use the funds to finance state projects to ease the impacts of the pandemic.

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