Government Savings Bank (GSB) is joining with Dhipaya Group Holdings and Bangchak Corporation to set up a lending joint venture using land titles as collateral.
GSB president Vitai Ratanakorn said the venture dubbed "Mee Tee, Mee Ngern" (land for loan) is expected to lend up to 10-20 billion baht per year.
The three partners signed a memorandum of understanding yesterday for the joint venture, which aims to allow small and medium-sized enterprises and individuals to better access loans at a lower cost.
