BANGKOK, 3 Mar 2014, According to the Government Savings Bank (GSB), the withdrawal rate at its bank branches has returned to the normal level with daily financial transactions recorded at 5 to 6 billion baht at the end of last week.
A GSB board member, Mr. Amnuey Premnawong said the GSB’s fluidity has decreased by 50 billion baht to stand at 180 billion baht during the withdrawal surge phenomenon sparked by the GSB’s decision to give an inter-bank loan to the Bank for Agriculture and Agricultural Cooperatives (BAAC).
He said that the GSB Board had reaffirmed that the bank would not give loan to the Government’s rice pledging scheme. Mr. Amnuey asserted the bank’s current President, Worawit Limpamontree, would continue his duty until March 21st before stepping down. The bank’s vice president, Tachapol Kanjanakul, would then replace Mr. Worawit as the Acting President.
Mr. Aumnuey said that the selection of a new president would be made after a new government is formed. He expressed his confidence that the GSB would be able to operate as usual as long as the caretaker president and the GSB board do not resign.
