Feb 17, 2014

Thailand's GSB faced a net withdrawal of 20 billion Baht in a single day

A large number of Thai people who opposed to the government's attempt to find money to pay farmers in the controversial rice pledging program flocked to GSB branches nation-wide and caused a net withdrawal of 20 billion Bahts in a single day. GSB Director admitted that the bank had given a 5 billion Baht interbank loan to BAAC, however the remaining 15 billion Baht loan will not be given while the majority of GSB customers are still suspicious of the deal.

Ref: Manager

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