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GH Bank seeks to raise capital

By Sucheera Pinijparakarn
The Nation
Published on March 21, 2009

The Government Housing Bank (GH Bank) has sought permission from the Finance Ministry to raise its capital from Bt27 billion to Bt32 billion, to lower its debt-to-equity ratio.

President Khan Prachuabmoh said GH Bank had lent Bt11 billion over the past two months.

He said recapitalisation was in line with the trend among local companies to seek more loans from local banks, as they found it more difficult to do so abroad.

The Cabinet last week authorised GH Bank to borrow Bt5 billion as additional working capital, but it would rather not pay the interest involved.

It has cash flow of Bt60 billion and repayments of Bt8 billion a month.

Yesterday it opened a branch on Koh Samui, to tap local loan demand.

GH Bank seeks to raise capital

The Government Housing Bank (GH Bank) has sought permission from the Finance Ministry to raise its capital from Bt27 billion to Bt32 billion, to lower its debt-to-equity ratio.

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