FPO: Not so fast on SME Bank merger | Bangkok Post: business

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FPO: Not so fast on SME Bank merger

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The proposed merger between SME Bank and Government Savings Bank is only an idea and has not been agreed upon, says the Finance Ministry. 

Somchai Sujjapongse, director-general of the Fiscal Policy Office (FPO), said the merger is just one idea from a study to find solutions to SME Bank's problems.

He told depositors to have confidence in SME Bank, saying despite its problems the government is keen to tackle them and the bank will enter a rehabilitation process led by Pichai Chunhavachira soon. A rehabilitation plan will be presented to the board on Friday.

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