GSB increases EV loans and launches solar cell loan scheme

Khaosod•Economy•6d ago

Reader Briefing

Government Savings Bank adds 5,000 million baht to EV loans and partners with GH Bank to provide low-interest solar cell installation loans.

•Government Savings Bank has increased its EV loan limit by 5,000 million baht after the first 5,000 million baht limit was fully utilized.
•Government Savings Bank and GH Bank are the primary lenders for solar cell installation loans for citizens.
•Government Savings Bank reports a non-performing loan (NPL) ratio of less than 4%.
•Government Savings Bank has approved and disbursed approximately 50,000 million baht from a 100,000 million baht Soft Loan fund.

Overview

•Government Savings Bank increased the EV loan limit by an additional 5,000 million baht to accommodate continuous demand.
•Government Savings Bank and GH Bank are acting as the main banks providing loans for solar cell system installations.
•Songpol Chewapanyarot stated that the government will compensate and subsidize installation costs for a new solar cell support project.
•Approximately 1,000 customers applied for solar installation loans over the past month.
•Government Savings Bank reports its Net Interest Margin (NIM) has decreased to between 1.7% and 1.9%.
•The decrease in Government Savings Bank's NIM is due to policies reducing loan interest rates to help borrowers and increasing deposit interest rates for depositors.
•Government Savings Bank's NPL ratio remains below 4% and is continuing to trend downward.
•Songpol Chewapanyarot noted that solar cell investments typically break even within 7 years for homes using at least 50% of electricity during the day.

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Key Quotes

Songpol Chewapanyarot

"The bank's EV loans have received a very good response; the first 5,000 million baht limit was fully allocated, and the bank has added another 5,000 million baht."

สินเชื่อ EV ของธนาคารได้กระแสตอบรับดีมาก วงเงินก้อนแรก 5,000 ล้านบาทจัดสรรเต็มวงเงินแล้ว และธนาคารได้เพิ่มวงเงินอีก 5,000 ล้านบาท

Songpol Chewapanyarot

"At this moment, the exact interest rate figures have not been set, but it is expected that they certainly will not be expensive."

ขณะนี้ยังไม่ได้กำหนดตัวเลขอัตราดอกเบี้ยที่แน่ชัด แต่คาดว่าจะไม่แพงอย่างแน่นอน

Key Entities

Person

Songpol Chewapanyarot(ทรงพล ชีวะปัญญาโรจน์)

Director of Government Savings Bank.

Organization

Government Savings Bank(ธนาคารออมสิน)

A bank providing EV loans, solar cell loans, and Soft Loans to support government energy transition policies.

GH Bank(ธนาคารอาคารสงเคราะห์)ℹ️

A bank serving as a primary lender for solar cell installation loans for citizens.