Government Savings Bank president Worawit Chailimpatmontri apparently either doesn't know whether he's coming or going, or doesn't know how to tell the truth.
This past Sunday, he reported that the Bt5-billion inter-bank loan that GSB had just made to the Bank for Agriculture and Agriculture Cooperatives was definitely not to pay farmers who had sold their crops to the government under its rice plan. Then, on Monday, faced with a Bt30-billion run on deposits from customers who didn’t believe him, he admitted without even blushing that GSB’s loan to the BAAC was, indeed, for those farmers. Then, on Tuesday, he claimed that the GSB didn’t know how the BAAC would spend the sum.
To me, either Khun Worawit doesn’t have a clue of what was going on when he requested that his board make a major loan, or he cannot be trusted to tell the truth. Either way, I don’t see how he is credible or trustworthy. He should be replaced before he can do more damage to his important bank.