Bank of Thailand: Commercial banks in Thailand are sound
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The Bank of Thailand (BoT) has confirmed that all commercial banks in the country are financially sound.
Responding to an economist's warning that Thailand's commercial banks were facing financial difficulties, Ronadol Numnonda, BoT's deputy governor, said the operations and funds of all commercial banks are strong and well positioned to deal with the economic challenges. that resulted from the corona pandemic.
Since the beginning of 2020, excess reserves of commercial banks have been huge thanks to a strict provisioning policy that has been implemented in recent years. As of June 2020, the capital ratio of commercial banks was a whopping 19,2%. The banks continued to make profits and have high liquidity, he said.
In addition, commercial banks conducted stress tests that confirmed that they had significant resources to deal with the crises.
Meanwhile, the government and BoT have taken monetary and financial measures to alleviate the effects of the corona crisis. As a result, individuals and businesses can repay their debts as agreed, Mr. Ronadol said.
BoT and financial institutions worked closely together to help debtors and restructure their debts to allow commercial banks to limit their non-performing loans, he said.
BoT assured that Thailand's commercial banks are strong and able to cope with the economic impact of COVID-19.
Source: Pattaya Mail
The resources they have consist of the money that many visa holders have deposited. Let us all hope that it always remains claimed.
Not only my Bahtjes are on the Bangkok bank, a PCX is also parked somewhere in HH 😀 Had to go to Europe for a while and it was canceled 2 days before my return flight... Also waiting months for my money (LH)
hmmmm….I doubt it.
Monday we were at the bank, then I was handed a brochure that all banks in Thailand guarantee a maximum of 1.000.000 THB. While previously it was 5.000.000 THB.
.
Do you happen to know whether that guarantee applies to all account holders, or only to account holders with Thai nationality?
For all account holders regardless of nationality.
I hope this deposit also counts for the farangs, because you are never sure here.
The banks in Europe guarantee deposits up to
100.000 €
And what about the offices that have closed here in Chiang Rai?
If you freeze all loan repayments (business and private) during the C19 period, but continue to charge 100% interest on the main debt, you will by definition make more profit in a financial year with the same risks as a year earlier
the moment the central bank gives a statement that nothing is wrong, it becomes dangerous. The central bank is therefore afraid that people, companies and financial institutions will withdraw their assets en masse. Especially those financial institutions will be the first to park their money in a safer country, which gives a chain reaction to the people and companies.
It is known that there are many people in Thailand who will never be able to repay their loan and has become even worse due to the corona crisis.
Leave your money in your country and send what you need to Thailand.
And those who have more than 100.000 euros can deposit their money in different banks.
So no problem.