BANGKOK (Reuters) - Business at Thailand's Government Savings Bank has returned to normal, the central bank said on Friday, after big withdrawals this week by customers unhappy with the bank's lending to a farm bank running a controversial rice-buying scheme.
The GSB said on Sunday it had lent 5 billion baht ($154 million) to the Bank for Agriculture and Agricultural Cooperatives (BAAC), which manages the government's rice programme, but has run out of money to pay farmers.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!