Government Savings Bank (GSB) is preparing a new initiative to assist borrowers with good repayment discipline by lowering their interest rates, in an attempt to help them pay off their debts more quickly.
According to Songpol Chevapanyaroj, president and chief executive of GSB, economic conditions over the past seven years have been challenging as the Thai economy has suffered consecutive blows, starting with the Covid-19 pandemic in 2020, followed by the repercussions of the Russia-Ukraine war, global trade wars, and most recently an energy crisis fuelled by conflicts involving the US, Israel and Iran.
