Bangkok, 'Witaya' sets a 4-year business plan, term 2, aims to reduce profits, help society, raise support for government policies, and move forward with the 'Good Money' application service. Mr. Vitai Ratanakorn, President of the Government Savings Bank, revealed that he has set a plan to hold the position of the President of the Government Savings Bank for the second term, a period of 4 years (2025 - 2029). The Government Savings Bank will maintain its position as a bank for society, aiming to reduce profits to an appropriate level from 2023 with a net profit of 36,000 million baht, in order to expand the creation of positive results for society (Social Impact) through the role of developing the grassroots economy, including 1) the role of increasing/expanding opportunities to access financial services universally, 2) the role of solving debt problems, 3) the role of developing communities/society, and 4) the role of supporting the government in implementing policies and economic stimulus measures. This i s a new role, helping to drive the expansion of the creation of Social Impact both in depth and wider. It is clear that the role of helping society in these 4 areas is more important than the mission of creating business profits. In addition, the bank plans to be the first state-owned specialized financial institution that is managed as a business group, consisting of Mee Mee Ngern Co., Ltd., which provides land and mortgage loans; Aree Asset Management Co., Ltd., which manages NPL and NPA debts; Ngern Dee Dee Co., Ltd., which provides personal loans to grassroots customers through the 'Good Money' application; and GSB IT Management Co., Ltd., which operates a digital technology business to enhance technological capabilities to support the bank. With the support of the government under the leadership of Prime Minister Settha Thavisin and Deputy Prime Minister and Finance Minister Pichai Chunhavajira, who approved the adjustment of the bank's operational targets, the bank has been able to issue measures or i mplement projects that generate more positive results, such as the soft loan project, the job creation loan project, and interest rate reduction measures to alleviate the burden of expenses and solve debt problems. From the success of the 'Social Bank' over the past 4 years, the bank has now been able to create positive results for society. Many people have benefited through various projects and measures, such as helping over 3 million people with low and no credit to access sources of funds in the system, and over 5 million people with access to fair interest rates. The bank is stable, with total reserves increasing to 125,948 million baht and a total customer base of 24 million at present. Therefore, it is moving forward with its mission in line with the position of the social bank and aims to expand the creation of social impact in the next 4 years to help reduce financial inequality and improve the quality of life of Thais. Source: Thai News Agency