KTB chief denies lending rumour
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Krungthai Bank President Vorapak Tanyawong insisted on Monday that the bank has not approved a loan for the government's rice-pledging scheme.
He added that the bank's board of directors has never considered this issue and that the government has never approached the bank for such loan.
There was a rumour last week that the bank would lend over Bt100 billion to fund the scheme.
Vorapak said that the rumour still circled in the social media despite the bank's statement on this issue. He said that the bank has been receiving numerous calls from clients and the general public. He urged all to thoroughly review social media messages before sharing. Clients should be assured of the professionalism of the bank's management.
"KTB is a listed commercial bank. Individual and institutional investors have held over 45 per cent of our shares. We also need to compete against other commercial banks. We adopt a standard criteria in approving loans to all clients, whether they are in the private or public sector. We take into account risk factors and the ability to pay of customers and their guarantors," he said.
