Commercial banks are awaiting a decision on the new deposit protection fee before adjusting their interest rates.
Bangkok Bank Plc (BBL) says it is waiting for the Bank of Thailand's decision on the fee that commercial banks will have to pay for the guarantee of its deposits before making interest-rate adjustments. By law, the fee can be adjusted anywhere up to 1% compared to 0.40% now.
Executive chairman Kosit Panpiemras said BBL must also take into consideration intense competition in the distorted market when making its decision.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.
About the author
- Writer: Somruedi Banchongduang
- Position: Business Reporter
Latest stories in this category:
- PM visiting Australia
- Gold prices for Saturday
- Thai foreign investment incentives placed in the spotlight
- Drama in GSB president selection
- Raimon Land keen to pursue high-end Bangkok condos
- Fitness First plans 4 more gyms, sees opportunity
- CAT ordered to suspend 3G amid inquiries
- Huge Silom plot may grab B2bn at auction
