Withai Rattanakorn, Financier of the Year 2565, Financier of the Year 2022

Journal of Finance and Banking December 2565 issue announces honorary awards "Financialist of the Year" by the award committee decided to award Mr. Withai Rattanakorn, Director of Government Savings Bank. Crowned the title of Financier of the Year 2565 with complete qualifications for being a Financier of the Year according to all 4 consideration criteria. Be a professional financier with a broad and modern vision. Be honest to your profession Create sustainable growth for the organization Be socially responsible and make a contribution to the public

        Journal of Finance and Banking Awarded with honorary awardFinance Minister of the Year Financier of the Year It has been here for 40 years, first starting in 2525 under the original name of the award. “Banker of the Year” To honor the bank's senior executives financial institution Securities company Asset Management Company including other types of financial institutions with outstanding performance Has a broad, modern vision and is able to drive the organization towards progressive and sustainable growth. In every economic situation Taking into account the public benefits which the financier of the year award It has been recognized by the government, business organizations, and educational institutions as an honorary award of pride.

       For 2565, the award committee “Financialist of the Year” It was unanimously decided to award the honorary award. Financier of the Year 2565 Financier of the Year 2022 to Mr. Withai Rattanakorn, Director of Government Savings Bank With outstanding work that meets the qualifications of being a financier of the year according to all 4 criteria: 1. Being a financier with a broad and modern vision 2. Being a professional financier with integrity to the profession 3. Being a financier of the year Finance that creates growth and sustainability for the organization. 4. Be a financier who has social responsibility and benefits the public. He is the 31st Finance Banker of the Year from the Finance and Banking Journal.

       From the first day, 1 July 2563, when I stepped into the position. Director of Government Savings Bank, Mr. Withai Rattanakorn Has announced a vision to adjust the role of Government Savings Bank towards being "Social Bank” หรือ "Social Bank" To create a positive impact on society “Making POSITIVE Impact on Society” by taking care of customers and 3 main groups of people: low-income earners Small entrepreneurs and community organizations To create fair access to funding sources Helps reduce social inequality and support the development of the country's grassroots economy By doing a Dual Track business, balancing both commercial missions (Commercial) to create profits to support social missions (Social).

       with the first mission in moving forward towards a social bank is to bring the Government Savings Bank fully into the Non-Bank business by supporting funding sources with interest rates lower than the current market. The first goal is to compete in the car registration pawn loan business under the name of Fast Cash Company Limited. Currently, it has approved 1.4 million car registration pawn loans, with a credit limit of 28,000 million baht, and is able to reduce the interest structure in the car registration pawn loan market from 28% per year to 16-18% per year

        The next mission is Helping small entrepreneurs by issuing "SMEs have space and money" loan with a project limit of 10,000 million baht, with the idea of ​​being a fair option for natural persons and juristic persons who are SMEs to be able to use land title deeds as collateral. borrow money Maximum loan amount of 50 million baht to use to increase liquidity for the business. or redeemed from the sales contract made

        After the success of lending to SMEs, Mee and Mee Money was first opened in October 2563. Within 2 years, the bank was able to grant loans to help entrepreneurs worth 21,254 million baht, thus creating the idea of ​​establishing Mee Mee Mee Mee Company as a company. Ngern Co., Ltd. enters the business of competing in the land loan and consignment market. To push for a market with perfect competition. Reduce the interest structure which is unrealistically high. So that entrepreneurs and the public can benefit from loans that have lower costs and fair conditions. Ready to help reduce the problem of informal debt.

        In addition, it plans to establish a Non-Bank business company in 2566 to conduct a personal loan business because it is seen that interest rates in the personal loan market are too high. The goal of entering into this business is to bring interest rates down to more than 5% from the previous level of 25% per year.

        Mr. Withai viewed that An important factor in driving Social Bank's mission to succeed as intended is Digital Banking that can provide services covering all areas at a lower cost while also helping to support the work of branches very well. The bank has therefore developed unique services or new features on the MyMo application so that customers do not have to travel to branches but can use the services on their mobile phones. Whether it is providing digital lending services, deposit account opening services (e-KYC), repayment plan adjustments. Checking credit information and Credit Scoring, etc.

       The bank has also planned to develop Digital Lending to be able to approve loans on smart devices. Phone with the MyMo application to be completely complete with Alternative Data Analytic. Focusing on lending to small businesses or Micro Finance, the bank is currently able to grant microfinance loans through MyMo to more than 1.7 million customers, with a total credit limit of over 30,000 million baht, and has performed debt restructuring for 5.5 customers, from whom there are customers using MyMo. Total 13 million cases

       Another important mission of the Government Savings Bank is to promote savings. Everyone has an image that the Government Savings Bank is a savings bank for children. In the era of Mr. Withai, the role of promoting savings was expanded by giving importance to retirement planning. By launching a long-term savings deposit product for retirement It is about creating security for the basic people's lives. Be ready to enter the elderly with quality

        along with creating financial discipline for the people Through the application and website "Savings Tang" provides financial knowledge and career skills development courses. and the "Savings Coach" application, which helps plan savings for app users. You can try calculating the amount of savings according to various goals by yourself. You can apply it to plan your savings. Either it is a short-term savings goal or a long-term savings goal. To have enough money for a good quality of life after retirement.

       Since the Government Savings Bank has adjusted its role to "Social Bank" under the leadership of Mr. Withai The Bank has carried out a mission to help society in concrete ways in many dimensions. amid the COVID-19 outbreak situation The bank is the main agency in forwarding assistance to citizens and businesses in accordance with government policy through 47 different projects. Over the past two years, it has been able to help 2 million people and grant loans to more than 13 million people. Credit limit 6.8 trillion baht

       In addition to various assistance measures, the Government Savings Bank also has “The Government Savings Bank creates jobs and careers project” with the aim of allowing people to continue creating income for themselves and their families under the concept of 4 “give” including providing skills, funding, equipment, and sales space. To help with a career Restoring sustainable income

       At the same time, the Government Savings Bank is still able to maintain the continuous growth of its operating results. As of October 2565, the bank has a net profit of 23,997 million baht. It forecasts a profit for the whole year 2565 of 27,200 million baht, able to send revenue to the state in the amount of 17,349 million baht. Ranked 4th highest out of 58 state enterprises.

       While the bank has assets of 3 trillion baht, deposits of 2.57 trillion baht, loans of 2.23 trillion baht, along with being able to maintain NPLs at 2.71%, setting allowance for doubtful debts to non-performing loans (Coverage Ratio) of 168.86% and having money Total reserves (Total Provision) and general reserves (General Provision) are at record highs. By increasing reserves to accommodate bad debts that will occur as of October 2565, the amount is 44,063 million baht, which is an increase of 39,988 million baht from 2562 when there was only 4,075 million baht in reserves.

       In terms of good corporate governance Mr. Withai announced the policy of corporate leaders (Tone at the top) to conduct business that adheres to the principles of Governance, “emphasizing transparency. Disclosure Resisting and reducing corruption” in order to motivate employees in the organization to comply. and create a corporate culture through training and knowledge create understanding Prepare learning media in various formats Organize activities to create participation Create awareness among employees and employees to perform their duties with honesty, integrity, and transparency through various activities. Including creating role models through the project to reward ethics and ethics.