Housing Bank ( GHB ) is a financial institution
established under the Ministry of Finance by the
Government Housing Bank Act BE 2496. It has been
operating for more than 50 years.
The Government Housing Bank's primary objective is
providing housing finance for the people of Thailand .
The Bank's special focus is providing residential
financing for low - and - medium income borrowers .
It opened for business on September 24 , 1953 and it
currently has 107
main - branches, 29 branches in Bangkok and adjacent
provinces and 78 branches in provincial areas . GHB also
has 38 sub - branches and 10 financial service counters
throughout the country . The bank offers residential
mortgage loans as well as loans for building, extending
or renovating existing housing .
From 1988 to 1996 , prior to the Asian financial crisis,
the Bank's growth, lending activities, market share and
net profits were at very high levels . During the
crisis, lending activity slowed with the slumping
economy . However, at the tail - end of the crisis, the
GHB played a critical role in the Thai government's
policy objective of driving economic recovery by
reviving a then moribund real estate sector .
With a market share currently exceeding 38 per cent, the
GHB is Thailand's leading housing - finance lender .
One of the GHB's main functions is mobilizing funds and
then on - lending these funds as affordable mortgages to
home buyers . Today, in addition to lending housing
funds, the GHB provides financial support to the
National Housing Authority and private housing
developers in the form of financing, guarantees and
discounting housing related credits .