Economy
GH Bank Announces Debt Relief for Victims of Nonthaburi School Incident
Government Housing Bank (GH Bank) has introduced emergency interest rate reductions for customers affected by the recent tragedy at a school in Nonthaburi.
On August 7, 2026, the Government Housing Bank (GH Bank) announced urgent financial relief measures for its customers impacted by the recent incident at a school in Nonthaburi province. According to Mahatthan Ampornphisit, Managing Director of GH Bank, the initiative aims to alleviate the financial burden on families suffering from loss or severe injury.
Under these new measures, customers who sustained severe injuries are eligible for an interest rate reduction to 0.01% per annum for a period of one year, after which the original contract rates will resume. For cases involving death or permanent disability, the bank will reduce the interest rate to 0.01% per annum for the entire remaining duration of the loan contract.
For residents and expatriates in Thailand, this development highlights the role of state-run financial institutions in providing social support during local crises. While these measures specifically target existing GH Bank mortgage holders, they reflect the broader institutional response to the tragedy. Affected customers may apply for this assistance at any GH Bank branch nationwide. At this time, details regarding the specific nature of the school incident remain limited, and further updates from local authorities are expected as the investigation continues.