BANGKOK, Thailand – The Government Savings Bank (GSB) has introduced emergency financial measures in response to unrest along the Thai–Cambodian border, including a full debt write-off for personnel who lost their lives while carrying out duties related to national defense.
Announcing the measures, Acting GSB Chairman Lapawan Jankrajang said loan accounts held by deceased soldiers, Border Patrol Police, and other units killed in the line of duty will be closed and fully forgiven as a special case, with retroactive effect from December 7, 2025. The debt relief also extends to loan accounts held by the deceased’s legal heirs.
Eligible heirs are limited to parents, spouses, and legitimate children. The bank will also provide financial assistance to families of fallen personnel, injured service members, and civilians affected by the fighting to ease financial hardship.
In addition, the bank has rolled out a debt moratorium for customers who have lost income due to being unable to access their livelihoods or workplaces. The program provides a three-month suspension of principal repayments along with a full interest waiver, without changing existing loan classifications.
Any deferred principal will be consolidated into the final installment of the loan term, after which payments will resume under the original contract terms. Eligible borrowers may apply at GSB branches, provincial evacuation centers, or through the MyMo mobile application until Jan. 31, 2026. (NNT)
