Security, cash reserves of banks well-prepared

BANGKOK, 12 March 2010 (NNT) – Commercial Banks have prepared security measures and adequate cash reserves upon the mass demonstration of the anti-government United Front of Democracy Against Dictatorship (UDD).

Kasikorn Bank CEO Banthoon Lamsam stated that cash withdrawal of customers at present was normal, and the bank would not increase the amount of cash reserves but would focus more on security measures instead. He said the bank had told employees and customers to avoid risky points, especially banks located near rally sites.

Mr Banthoon added that any branches of the bank would be closed down immediately if violence broke out. He then asked UDD protestors to demonstrate peacefully in line with the law and democratic system and pleaded the government to solve domestic political problems because violence would only tarnish the national image.

Meanwhile, Krung Thai Bank President, Apisak Tantivorawong confirmed that the bank had prepared security measures in risky branches as well as adequate cash reserves during the rally period. He then asked the public not to panic with the situation or withdraw cash from banks because ATM booths are available around the clock.