Tagged: The Nation Thailand

Finance to investigate former bank chief

Finance to investigate former bank chief

<p>The Finance Ministry has set up a committee to investigate the past work of former president of Islamic Bank of Thailand, Thanin Angsuwarangsi. Finance Permanent Secretary Areepong Bhoocha-oom said that the investigation will focus on employees&rsquo; petitions, which must be clarified though Thanin already resigned. Thanin's resignation after only six months in office followed employees' pressure. Over 1,400 employees signed the petition to the board, saying that a number of the president's decisions caused damage to the bank.</p>
<div>
<div>Source:&nbsp;</div>
<div>
<div>
<p><a href="http://www.nationmultimedia.com/business/Finance-to-investigate-former-bank-chief-30209463.html" title="http://www.nationmultimedia.com/business/Finance-to-investigate-former-bank-chief-30209463.html">http://www.nationmultimedia.com/business/Finance-to-investigate-former-b…</a></p>
</div>
</div>
</div>
<div>
<a href="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5348&amp;layout=button_count&amp;show_faces=false&amp;action=like&amp;colorscheme=light&amp;width=100&amp;height=21&amp;font=&amp;locale=" title="I Like it" rel="nofollow" target="_blank"><span>Facebook Like</span></a> <a href="http://www.islamicfinance.de/?q=node/5348" title="Plus it" rel="nofollow" target="_blank"><span>Google Plus One</span></a> <a href="http://twitter.com/share?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5348&amp;count=horizontal&amp;via=&amp;text=Finance%20to%20investigate%20former%20bank%20chief&amp;counturl=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5348" title="Tweet This" rel="nofollow" target="_blank"><span>Tweet Widget</span></a> <a href="http://www.islamicfinance.de/?q=node/5348" title="Share on Linkedin" rel="nofollow" target="_blank"><span>Linkedin Share Button</span></a> <a href="http://www.facebook.com/sharer.php?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5348&amp;t=Finance+to+investigate+former+bank+chief" title="Share on Facebook." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/facebook.png" alt="Facebook" title="" width="16" height="16"></a> <a href="http://www.google.com/bookmarks/mark?op=add&amp;bkmk=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5348&amp;title=Finance+to+investigate+former+bank+chief" title="Bookmark this post on Google." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/google.png" alt="Google" title="" width="16" height="16"></a> <a href="http://bookmarks.yahoo.com/myresults/bookmarklet?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5348&amp;t=Finance+to+investigate+former+bank+chief" title="Bookmark this post on Yahoo." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/yahoo.png" alt="Yahoo" title="" width="16" height="16"></a> <a href="http://del.icio.us/post?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5348&amp;title=Finance+to+investigate+former+bank+chief" title="Bookmark this post on del.icio.us." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/delicious.png" alt="del.icio.us" title="" width="16" height="16"></a> <a href="http://www.linkedin.com/shareArticle?mini=true&amp;url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5348&amp;title=Finance+to+investigate+former+bank+chief&amp;summary=The+Finance+Ministry+has+set+up+a+committee+to+investigate+the+past+work+of+former+president+of+Islamic+Bank+of+Thailand%2C+Thanin+Angsuwarangsi.+Finance+Permanent+Secretary+Areepong+Bhoocha-oom+said+that+the+investigation+will+focus+on+employees%E2%80%99+petitions%2C+which+must+be+clarified+though+Thanin+already+resigned.+Thanin%27s+resignation+after+only+six+months+in+office+followed+employees%27+pressure.+Over+1%2C400+employees+signed+the+petition+to+the+board%2C+saying+that+a+number+of+the+president%27s+decisions+caused+damage+to+the+bank.%0A&amp;source=IslamicFinance.de" title="Publish this post to LinkedIn" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/linkedin.png" alt="LinkedIn" title="" width="16" height="16"></a> <a href="http://digg.com/submit?phase=2&amp;url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5348&amp;title=Finance+to+investigate+former+bank+chief" title="Digg this post on digg.com" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/digg.png" alt="Digg" title="" width="16" height="16"></a>
</div>

Islamic Bank’s president resigns

Islamic Bank’s president resigns

<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>
<div>
<div>Source:&nbsp;</div>
<div>
<div>
<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>
</div>
</div>
</div>
<div>
<a href="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5338&amp;layout=button_count&amp;show_faces=false&amp;action=like&amp;colorscheme=light&amp;width=100&amp;height=21&amp;font=&amp;locale=" title="I Like it" rel="nofollow" target="_blank"><span>Facebook Like</span></a> <a href="http://www.islamicfinance.de/?q=node/5338" title="Plus it" rel="nofollow" target="_blank"><span>Google Plus One</span></a> <a href="http://twitter.com/share?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5338&amp;count=horizontal&amp;via=&amp;text=Islamic%20Bank%26%23039%3Bs%20president%20resigns&amp;counturl=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5338" title="Tweet This" rel="nofollow" target="_blank"><span>Tweet Widget</span></a> <a href="http://www.islamicfinance.de/?q=node/5338" title="Share on Linkedin" rel="nofollow" target="_blank"><span>Linkedin Share Button</span></a> <a href="http://www.facebook.com/sharer.php?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5338&amp;t=Islamic+Bank%26%23039%3Bs+president+resigns" title="Share on Facebook." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/facebook.png" alt="Facebook" title="" width="16" height="16"></a> <a href="http://www.google.com/bookmarks/mark?op=add&amp;bkmk=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5338&amp;title=Islamic+Bank%26%23039%3Bs+president+resigns" title="Bookmark this post on Google." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/google.png" alt="Google" title="" width="16" height="16"></a> <a href="http://bookmarks.yahoo.com/myresults/bookmarklet?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5338&amp;t=Islamic+Bank%26%23039%3Bs+president+resigns" title="Bookmark this post on Yahoo." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/yahoo.png" alt="Yahoo" title="" width="16" height="16"></a> <a href="http://del.icio.us/post?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5338&amp;title=Islamic+Bank%26%23039%3Bs+president+resigns" title="Bookmark this post on del.icio.us." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/delicious.png" alt="del.icio.us" title="" width="16" height="16"></a> <a href="http://www.linkedin.com/shareArticle?mini=true&amp;url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5338&amp;title=Islamic+Bank%26%23039%3Bs+president+resigns&amp;summary=Thanin+Angsuwarangsi+has+tendered+his+resignation+as+the+president+of+Islamic+Bank+of+Thailand%2C+only+after+six+months+in+office.+The+bank%E2%80%99s+board+of+directors+announced+that+his+resignation+has+been+approved.+Thanin%E2%80%99s+decision+followed+employees%E2%80%99+pressure.+Over+1%2C400+employees+signed+the+petition+to+the+board%2C+saying+that+a+number+of+the+president%E2%80%99s+decisions+caused+damage+to+the+bank.+Among+the+allegations%2C+Thanin+was+alleged+of+ordering+bank+executives+to+cancel+a+lending+and+loan+disbursement+procedure%2C+which+affected+borrowers+financially+and+resulted+in+higher+non-performing+loans.+The+employees+pointed+out+that+the+bank%E2%80%99s+NPLs+rose+from+Bt24+billion+in+November+2012+to+over+Bt38+billion+in+April+2013.%0A&amp;source=IslamicFinance.de" title="Publish this post to LinkedIn" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/linkedin.png" alt="LinkedIn" title="" width="16" height="16"></a> <a href="http://digg.com/submit?phase=2&amp;url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5338&amp;title=Islamic+Bank%26%23039%3Bs+president+resigns" title="Digg this post on digg.com" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/digg.png" alt="Digg" title="" width="16" height="16"></a>
</div>