Deposit guarantee cut hits bank liquidity | Bangkok Post: business

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Deposit guarantee cut hits bank liquidity

REITs expected to benefit from outflows

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Liquidity in the local banking system is expected to tighten next year in the wake of a lower maximum of guaranteed deposits, an economic rebound and other investment instruments attracting yield-hungry savers, says TMB Analytics. 

Private banks will face stiffer deposit competition from state-owned banks and other savings instruments starting next year.

Under the time frame of the Deposit Protection Agency (DPA), the deposit guarantee ceiling will be halved to 25 million baht per depositor per commercial bank starting from Aug 11, 2015 and lowered further to 1 million from August 2016.

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