An employee of GH Bank waits to welcome clients at the bank's head office on Rama IX Road. The bank is seeking permission to set criteria for homes to be pledged under reverse mortgage plans. The cabinet earlier this week approved an amended law to permit GH Bank to roll out the reverse mortgage service and sell savings certificates to consumers. Reverse mortgage is a part of the government's plan to strengthen the retirement safety net as Thailand becomes an ageing society. Mr Chatchai said the bank could waive mortgage rates charged for the portion its savings certificate holders invest if they secure GH Bank mortgages.

Source: Bangkok Post April 03, 2017 00:00 UTC