Post by account_disabled on Jan 8, 2024 0:50:53 GMT -5
Mr. Chatchai Payuhanaweechai, Director of Government Savings Bank Revealing the operating results for 2018, the bank had a net profit of 36.3 billion baht, coming from net interest income of more than 64 billion baht, which resulted from managing the portfolio of assets and liabilities in line with market interest rate trends and liquidity management. efficient Including non-interest income of more than 18 billion baht, 7.9 billion baht higher than the previous year, especially profits from investment sales (IRPC) and fee income from loan services. Card and electronic business and commission income This is the result of continuous product and service improvements. According to customer service needs along with having an attractive marketing strategy “The net profits of Government Savings Bank are in contrast to those of commercial banks. with declining profitability because 95% of the bank's profits come from expanding additional loans Unlike commercial banks that make 50% profit from loans and 50% fees, we earn interest every day. Because interest never sleeps,” Mr. Chatchai said.
In 2018, the Bank gave importance to managing non-performing loans. and emphasize efficiency in every process according to debt resolution measures Debts are resolved according to their priority and age. mediation and debt restructuring There are 80 debt control and management sub-centers opened throughout the country. This creates flexibility in managing non-performing debt. As a result, asset quality is at Email Marketing List a good level. As of December 31, 2018, there were non-performing loans (NPLs) of 2.15% of total loans. which is lower when compared to the overall commercial banking system and has financial stability from a capital fund level higher than 180 billion baht or 14.8%, while the bank delivered national revenue in 2018 as high as 20 billion baht, ranking 4th among state enterprises. and is ranked number 1 among government financial institutions as well. In 2018, there was continued demand for credit from customers. Meanwhile, the Government Savings Bank can offer products under conditions that meet customer needs and organize marketing promotion activities appropriate to each group.
As a result, the overall customer profile in 2018 expanded 22% from 2014, especially young target customers entering student age (18-22 years old) increased by 41%, while those starting working age (23-30 years old) ) increased by 23%,” Mr. Chatchai said. For project missions according to government policy, such as resolving informal debt. State Welfare Card Project (Poor People's Card) Promoting financial literacy and career development training to supplement income for citizens and small-scale professionals. Through the People's University and Government Savings Bank Yuwapat Rakthin Project It was very successful. As a result, the quality of life index for grassroots customers who are bank customers has increased to 0.7180 from 0.6285 in 2016.
In 2018, the Bank gave importance to managing non-performing loans. and emphasize efficiency in every process according to debt resolution measures Debts are resolved according to their priority and age. mediation and debt restructuring There are 80 debt control and management sub-centers opened throughout the country. This creates flexibility in managing non-performing debt. As a result, asset quality is at Email Marketing List a good level. As of December 31, 2018, there were non-performing loans (NPLs) of 2.15% of total loans. which is lower when compared to the overall commercial banking system and has financial stability from a capital fund level higher than 180 billion baht or 14.8%, while the bank delivered national revenue in 2018 as high as 20 billion baht, ranking 4th among state enterprises. and is ranked number 1 among government financial institutions as well. In 2018, there was continued demand for credit from customers. Meanwhile, the Government Savings Bank can offer products under conditions that meet customer needs and organize marketing promotion activities appropriate to each group.
As a result, the overall customer profile in 2018 expanded 22% from 2014, especially young target customers entering student age (18-22 years old) increased by 41%, while those starting working age (23-30 years old) ) increased by 23%,” Mr. Chatchai said. For project missions according to government policy, such as resolving informal debt. State Welfare Card Project (Poor People's Card) Promoting financial literacy and career development training to supplement income for citizens and small-scale professionals. Through the People's University and Government Savings Bank Yuwapat Rakthin Project It was very successful. As a result, the quality of life index for grassroots customers who are bank customers has increased to 0.7180 from 0.6285 in 2016.