GSB defends loan deal | Bangkok Post: news

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GSB defends loan deal, farmers set another rally

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  • Writer: Wichit Chantanusornsiri and Phusadee Arunmas
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The Government Savings Bank (GSB) chief on Sunday confirmed a loan to indirectly help farmers with an option to stop it if it turns out to be a setback for the bank. 

Farmers at the Commerce Ministry take a break on Sunday before regrouping for a major rally against the caretaker government on Monday. (Photo by Pattarapong Chatpattarasill)

GSB president and chief executive Worawit Chailimpamontri said the bank's credit committee had approved 5 billion baht in an inter-bank loan to the Bank for Agriculture and Agricultural Cooperatives (BAAC) to make overdue payments to rice farmers under the rice-pledging scheme.

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