GHB union airs concern about 'shuffle of top management'
THE LABOUR UNION of the Government Housing Bank has expressed concern over further conflict among top management if Khan Prachuabmoh, a former president, becomes a bank adviser and Angkana Chaimanat, its president, is transferred to CSR (corporate social
Yesterday, about 100 bank employees showed their support for Angkana after seeing the letter of chairman Krerk Vanikkul to Deputy Prime Minister MR Pridiyathorn Devakula concerning the bank’s internal management and lack of competitiveness.
Angkana declined to talk to reporters about the matter.
Sanya Srirat, chairman of the labour union, said it disagreed with the resolution of the bank chairman because when Khan was the president and Angkana was a senior executive vice president, the two had |different ideas about running the bank.
The union will discuss the matter and contact Finance Minister Sommai Phasee and the bank’s chairman within two weeks.
Sommai said he had not received the report from the bank’s board of directors on the removal of Angkana, but he said the board had the authority to transfer her.
Krerk acknowledged that he had asked Pridiyathorn to consider the engagement of Khan as an adviser on a monthly salary of Bt10,000. However, this was not a proposal to remove Angkana from her position, he said.
Solve the major problems
According to the letter, even though the bank had reported a net profit of Bt7 billion, other financial figures showed that the state-run bank was under-performing.
Its market share during the past decade collapsed to 30 per cent from 50 per cent, while its cost of funds runs about 1 percentage point higher than major banks and its non-performing-loan ratio is 6 per cent, against 2 per cent for commercial banks.
The higher operating and financing costs have diminished the bank’s competitiveness.
The chairman suggested solutions by requesting that Khan help solve the major problems, while senior executive vice presidents could cover the minor problems, and Angkana should move to lead the bank’s CSR programme.
However, the bank’s board of directors on October 22 disagreed with the hiring of Khan as an adviser to the bank.
