# Government Savings Bank of Thailand

Government Savings Bank of Thailand is a Bank / Wealth / Trust based in Bangkok, Thailand.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Bangkok, Thailand
- **Region:** Asia
- **Address:** Bangkok, Thailand
- **Founded:** 1913
- **Assets under management:** Undisclosed
- **Website:** gsb.or.th
- **LinkedIn:** https://www.linkedin.com/company/government-savings-bank

## Regulatory record

- **Reports private funds:** No

## About

Government Savings Bank of Thailand is a bank based in Bangkok, Thailand. It manages approximately $89 billion in assets across three funds. Its regional focus is Asia.

## Sectors

- Government Bonds
- Infrastructure
- Real Estate
- Private Equity
- Fixed Income

## People

- Vitai Ratanakorn — President and CEO

## Questions

### Who runs investment decisions at Government Savings Bank of Thailand?

The President and CEO, Vitai Ratanakorn, oversees all operations including asset allocation, reporting to a board chaired by the Permanent Secretary of the Ministry of Finance. Investment-committee composition is not publicly detailed, but final authority rests with the board given the bank's statutory structure. Day-to-day treasury and portfolio management is executed by internal teams within the Bangkok headquarters.

### Does Government Savings Bank of Thailand invest directly in private companies or through external fund managers?

The bank primarily invests through fund commitments and state-enterprise lending rather than direct equity co-investments. Its private-market exposure includes participation in government-initiated vehicles like the Thailand Future Fund, which finances infrastructure projects. Direct balance-sheet deployments are concentrated in government bonds, state-enterprise debt, and Bangkok commercial real estate.

### What role does Government Savings Bank of Thailand play in domestic infrastructure finance?

It is a cornerstone investor in the Thailand Future Fund, a state-run infrastructure fund that holds assets such as the Bang Yai–Kanchanaburi motorway. The bank also extends direct loans to state enterprises undertaking infrastructure projects aligned with Thailand's national development plans. This function makes it one of the largest public-sector allocators to domestic infrastructure outside of the central government's own budget.

### What is the relationship between GSB's retail-banking operations and its investment portfolio?

The bank's investment assets are funded primarily by Thai retail depositors, whose savings it has gathered through a national branch network since 1913. This creates a structural constraint: the liability side is short-tenor and retail-based, so the asset side skews toward liquid government bonds and development-lending rather than illiquid alternatives. The dual mandate of financial inclusion and institutional asset management means deposit growth directly influences investment capacity.

## Related profiles

- [Government of Quebec Accumulated Sick Leave Fund](https://altss.com/profile/government-of-quebec-accumulated-sick-leave-fund)
- [Government Superannuation Fund Authority](https://altss.com/profile/government-superannuation-fund-authority)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/government-savings-bank-of-thailand

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology