Chonburi, Rayong to launch ‘School Banking Project’

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Chonburi and Rayong school children are being encouraged to start planning their financial futures now with a “School Banking Project” launched by Citibank and Plan International.

At a Sept. 27 press conference at Nernplabwan School, Citibank Thailand Country Officer Peter Elliot and Plan International Thailand office Director Maha Kubarubia announced the project with four schools to promote saving money and financial discipline.

“With Citi’s vision to expand financial opportunities for the disadvantaged in various communities, we have decided to instill financial discipline in Thai students to learn to save and create stability for the nation,” said Elliot, who also heads the bank’s Institutional Client Group.

Youngsters are being taught how to save money for their future. Youngsters are being taught how to save money for their future.

Maha said Nernplabwan School would be joined by Wat Khothitharam, Wat Nernphra and Wat Paaknam schools in the project. If successful, the pilot program would be expanded to nine schools in Chonburi and Rayong provinces as well as Chiang Mai within two years.

The School Banking Project envisions children learning about banking and practicing social and financial activities. About 1,500 students will participate with 40 to be chosen to run the bank.

The overall plan is to have a global children’s charity which operates in 48 countries across Africa, Asia and the Americas. It is made up of 21 national organizations responsible for raising funds and awareness in their respective countries.