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Thailand: Banks preparing cash reserves to support New Year revelry nationwide

  • Dec 25, 2020
Banks are preparing cash reserves to accommodate withdrawals during the New Year holidays.

Kasikornbank is planning to allocate Bt36.8 billion for its KBank branches and ATMs from December 28 to January 1.

Of that, Bt10.5 billion will be distributed among KBank’s 860 branches nationwide, with Bangkok getting Bt4.5 billion. Another Bt26.3 billion will be loaded into 8,200 KBank ATMs nationwide, with a whopping Bt14 billion allocated to Bangkok ATMs to support revelry.

Meanwhile, Krungsri will allocate cash reserves of Bt15.24 billion for its nationwide branches and ATMs from December 28 to January 3.

Of the total, Bt11.052 billion will be allocated to its ATMs and Bt4.19 billion to branches. Krungsri had around 632 branches and around 6,121 ATMs as of November.

The Siam Commercial Bank (SCB) is preparing a cash reserve of Bt63 billion, Bt45 billion of which will be for ATMs and Bt18 billion for branches. The bank had 860 branches and 11,926 ATMs nationwide as of November.

Bangkok Bank is preparing cash reserves of Bt50 billion for all its service channels, including ATMs, to cater to spending during December 31 to January 3.

Source: https://www.nationthailand.com/business/30400238?utm_source=category&utm_medium=internal_referral