Government Housing Bank (GHBank) mobilized billions of baht from deposit

BANGKOK, 17 August 2009 (NNT) – The Government Housing Bank (GHBank) mobilized billions of baht from its various types of deposit with attractive interest rates last week.

The bank has been offering its customers with various rates of interests for the following types of deposit.

The interest rate for one-year fixed deposit is 1.75 percent per annum; 2.5 percent for two-year fixed deposit; 3.25 percent for three-year fixed deposit; and 3.75 percent for five-year fixed deposit.

GHBank’s President Khan Prachuabmoh said the lucrative output from the mobilization mirrored the existence of abundant liquidity in his bank’s banking system. He said savers desired an investment with high returns from financial institutions.

Mr. Khan said his bank expected to mobilize around 30 billion baht from its various types of deposit in next few months. He said three-year and four-year fixed deposits became popular amongst savers.