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Thai Central Bank not Worried about Banking Liquidity

Thailand's central bank is not concerned about liquidity in the banking system, a director said on Monday, after anti-government demonstrators made a call at the weekend for a boycott of Siam Commercial Bank.

Thousands of protesters rallied in Bangkok on Sunday to present demands that included a call for reforms of the country’s monarchy and urged people to withdraw deposits from SCB, in which King Maha Vajiralongkorn is listed as the biggest shareholder.

“Overall, there is not a worry about liquidity in the banking system as it remains ample,” Tharith Panpiemras, a senior director at the Bank of Thailand, told reporters.

Shares in SCB, Thailand's oldest bank and biggest by market value, were unchanged at 0445 GMT while the main stock index was up 0.3%.

Reporting by Satawasin Staporncharnchai; Writing by Orathai Sriring; Editing by Martin Petty

Source: Reuters


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