Latest news with #GovernmentSavingsBank
Malay Mail
3 days ago
- Business
- Malay Mail
Thailand's top banks Krungthai, GSB and SCB hit pause for maintenance, customers warned of service disruptions
BANGKOK, June 13 — Millions of bank customers across Thailand are bracing for service disruptions as three of the country's biggest banks prepare for extensive system maintenance in the days ahead. The Nation reported that Krungthai Bank, the Government Savings Bank (GSB) and Siam Commercial Bank (SCB) have all announced scheduled outages that will temporarily take down a wide range of core banking functions — including mobile apps, ATM access, and credit card transactions. Customers have been urged to plan ahead, with services such as bill payments, international transfers, and even notifications on messaging platforms like LINE expected to be interrupted. Krungthai Bank is implementing two separate maintenance periods. The first — affecting business services including the Krungthai BUSINESS platform — will begin at 10pm today and last until 6pm tomorrow, spanning 20 hours. Businesses have been advised to complete transactions in advance and avoid scheduling operations on June 14. A second, shorter disruption will hit the bank's consumer app, Krungthai NEXT, early on June 20. The app will be unavailable from 1am to 6am. While services are expected to resume as normal, Krungthai has warned there may be delays in retrieving account statements. The Government Savings Bank has scheduled upgrades to its credit card systems tomorrow, divided into two time slots — starting at 4:30am with an unspecified duration, followed by a second phase from 9:30am to 11am. Customers will be unable to use key services during these periods, including online shopping, cash withdrawals, and transactions via the MyMo and GSB NOW apps. International ATM access and EDC card reader payments will also be impacted. SCB is expected to carry out its own maintenance work, although full details were not immediately disclosed. The banks have apologised for the inconvenience, emphasising the upgrades are essential to improve long-term service reliability and security.
The Star
3 days ago
- Business
- The Star
Thailand faces nationwide banking disruption as three major banks announce system outages
BANGKOK: A significant banking disruption is set to affect millions across Thailand as three of the nation's largest financial institutions – Krungthai Bank, the Government Savings Bank (GSB), and Siam Commercial Bank (SCB) – announce widespread system maintenance over the coming days. The planned outages will render core banking services, including mobile applications, credit card transactions, and ATM access, temporarily unavailable nationwide. Customers are advised to plan their financial transactions carefully to minimise inconvenience, as a range of services from international transfers and bill payments to cash withdrawals will be impacted. Even popular notification services, such as those integrated with LINE, are slated for maintenance. Krungthai Bank has informed its customers of two separate maintenance windows. The bank's business-focused platform, Krungthai BUSINESS, along with other related services, will undergo maintenance from June 13 at 10:00pm June 14 at 6:00pm, an extensive 20-hour period. Krungthai has urged businesses to complete transactions in advance and to avoid any operations scheduled for June 14. While services are expected to resume afterwards, there may be some delays in accessing account statements. A second, shorter maintenance period is scheduled for the consumer-facing Krungthai NEXT app, taking place on Friday (June 20) from 1:00am to 6:00am, lasting five hours. The bank has apologised for any inconvenience caused by these essential upgrades. The Government Savings Bank (GSB) has announced system upgrades for its credit card services on Saturday (June 14). This maintenance is divided into two phases: an initial period from 4:30am (the exact end time was unclear in the original notice, but typically implies a short window), followed by a second period from 9:30am to 11:00am During these times, various services linked to GSB credit cards will be unavailable. This includes online shopping, access to the MyMo application, GSB NOW, cash withdrawals, and transactions at both domestic and international ATMs and ADMs. Payments via EDC card readers will also be temporarily suspended. - The Nation/ANN
CNA
05-06-2025
- Business
- CNA
Four candidates confirm applications for Bank of Thailand Governor
BANGKOK : A university dean, a board member at the state planning agency and the head of a state bank are among the seven candidates to Thailand's next central bank governor, with the selection committee to prepare a shortlist over the next month. By Thursday, four people had publicly confirmed their interest in the role after the finance ministry said on Wednesday it had received seven applications. The selection committee plans to shortlist at least two candidates to succeed Sethaput Suthiwartnarueput by July 2, with the finance minister to bring the name of his preferred candidate to cabinet. The final appointment will require cabinet and royal approval. "The country is facing serious problems... I want to propose how monetary policy can help," Somprawin Manprasert, a board member at the state planning agency and former chief economist at Siam Commercial Bank, told Reuters when confirming his bid. "Even if I'm not chosen, whoever is can use those proposals," said the 50-year-old, who holds a doctorate in economics from the University of Maryland. Anusorn Tamajai, the dean of economics at the University of the Thai Chamber of Commerce, also confirmed his candidacy to Reuters. The 59-year-old has been a BOT board member and also served on the Finance Ministry's debt management committee. Other candidates to confirm to Thai media that they had applied for the role are Vitai Ratanakorn, the 54-year-old president of the state-owned Government Savings Bank who previously led Thailand's $34 billion Government Pension Fund, and Kobsak Pootrakool, chairman of the Federation of Thai Capital Market Organizations. Kobsak, 56, served as minister attached to the Prime Minister's Office from 2017 to 2019, and has worked in the BOT's Monetary Policy Department. Local media have reported three other applicants, including two women, who have not publicly confirmed their interest. A current BOT deputy governor, Roong Mallikamas, was reported to have applied. The 56-year-old has held senior roles in financial markets and monetary policy in her two-decade career at the central bank. She declined to comment when contacted by Reuters. Another reported applicant is former IMF economist and finance ministry official, Sutapa Amornvivat, who is the CEO of fintech lender Abacus Digital. The 50-year-old is a cousin of Deputy Finance Minister Julapun Amornvivat. She declined to comment when contacted by Reuters. Thai media also reported businessman and politician Vikran Supamongkol had applied for the role. Reuters could not immediately reach him for comment on whether he was a candidate.
