Branch offices of state-owned banks, which are located in malls or department stores in the 13 “Dark Red” provinces, including Bangkok, will suspend their services, starting tomorrow (Tuesday July 20th) until further notice, according to an announcement by the Government Financial Institutions Association (GFA).

 

The move is in line with the Centre for COVID-19 Situation Administration (CCSA)’s tightening of lockdown restrictions in the “Dark Red” zone, to contain escalating COVID-19 infections.

 

The state-run banks include the Government Savings Bank, the Government Housing Bank, the Bank of Agriculture and Agricultural Cooperatives, the Export-Import Bank of Thailand, the Islamic Bank of Thailand, the SME Development Bank and the Thai Credit Guarantee Corporation (TCG).

 

Source: https://www.thaipbsworld.com/state-run-banks-to-suspend-services-at-branches-in-13-dark-red-provinces/

 

-- © Copyright Thai PBS 2021-07-19

 

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Yeah, this should inspire confidence.

 

 

I'd suggest you are less likely to get covid in the bank than from the ATM outside being using by a few thousand dirty fingers

Starting to pull up the drawbridges. 

I find this highly irregular - are they still paying employee salaries ?

 

Is the government in complete financial meltdown that they cannot pay them 

 

Just to say "The move is in line with the Centre for COVID-19 Situation" is not in line with anything - banks are an essential service according to their own rules - WHY ARE THESE BANKS BEING CLOSED ?????

2 hours ago, webfact said:

which are located in malls or department stores

They seem to be talking only about small branch type facilities - and this will also include all banks, not just Government.

This might be to prevent a run on those government banks... must be trouble at mill

Banks close when they have no more cash. Any reports of atms being empty? This def happened in other countries. May be just a slick move on the banks’ part. 

3 minutes ago, lopburi3 said:

They seem to be talking only about small branch type facilities

Yes, the sort of places that the overwhelming majority of people go to for services.

1 minute ago, Mr Meeseeks said:

This might be to prevent a run on those government banks... must be trouble at mill

Bank Holiday is what FDR called it.

20 minutes ago, smedly said:

I find this highly irregular - are they still paying employee salaries ?

 

Is the government in complete financial meltdown that they cannot pay them 

 

Just to say "The move is in line with the Centre for COVID-19 Situation" is not in line with anything - banks are an essential service according to their own rules - WHY ARE THESE BANKS BEING CLOSED ?????

The Government doesn't want their banks swamped with people trying to get loans as the "lockdown(not)" bites and the economy comes to a full stop.

Me thinks that Thailand is heading towards a recession of the Great Depression proportions. 

The number of homeless and desperate people are growing daily at an alarming rate and as far as I can see the Government is doing nothing meaningful to address it.

K Bank is definitely closing branches too. Chaeng Watanna branch already closed.

These closures make sense.  If you read the article branches in department stores and malls in deep red zones are closed.  Stand alone branches are still open but with reduced hours.  Outside of the deep red zones all branches are open.

There's nothing sinister about this at all, they did the same thing last year. It's all about reducing footfall and crowding in the malls and department stalls.

They are only talking about branches in malls.  The malls have been ordered closed.  So of course the banks would have to close too.

So the not closed banks will be even more crowded.

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