Tagged: The Nation Thailand

<p>Thanin Angsuwarangsi has tendered his resignation as the president of Islamic Bank of Thailand, only after six months in office. The bank&rsquo;s board of directors announced that his resignation has been approved. Thanin&rsquo;s decision followed employees&rsquo; pressure. Over 1,400 employees signed the petition to the board, saying that a number of the president&rsquo;s decisions caused damage to the bank. Among the allegations, Thanin was alleged of ordering bank executives to cancel a lending and loan disbursement procedure, which affected borrowers financially and resulted in higher non-performing loans. The employees pointed out that the bank&rsquo;s NPLs rose from Bt24 billion in November 2012 to over Bt38 billion in April 2013.</p>
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<p><a href="http://www.nationmultimedia.com/business/Islamic-Banks-president-resigns-30209222.html" title="http://www.nationmultimedia.com/business/Islamic-Banks-president-resigns-30209222.html">http://www.nationmultimedia.com/business/Islamic-Banks-president-resigns…</a></p>
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