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Oct. 4--TFB PLANS TO CLOSE 25 RURAL BRANCHES: Thai Farmers Bank will consolidate its branch network by relocating the services of 25 rural branches with low transactions to nearby branches, as well as opening outlets in department stores.
The move followed an evaluation of the bank's 530 domestic branches. Staff of the 25 affected rural branches would be reassigned, said Tongchai Chareonsit, first senior vice-president.
The bank will also open three store branches this year, at Lotus (Rama IV), Central Rama III and Big C (Suk Sawat) and 12-15 more branches next year.
B220BN IN STATE BOND ISSUES PLANNED: The Finance Ministry said yesterday that it planned to issue 220.4 billion baht in government bonds in fiscal 2002 for refinancing and financing the budget deficit.
The first-quarter auctions will begin in November.
About 90 billion of the funds raised will be used to refinance maturing government debt, and the remainder to help finance the budget deficit.
BID-OFFER SPREAD CHANGES IMMINENT: The Stock Exchange of Thailand expects to finalise revisions tomorrow of a plan to expand bid-offer spreads for share trading.