BoT not worried about banking liquidity amid SCB boycott call

BoT not worried about banking liquidity amid SCB boycott call

Siam Commercial Bank is a target of anti-government protesters over its link with the monarchy.
Siam Commercial Bank is a target of anti-government protesters over its link with the monarchy.

The Bank of Thailand is not concerned about liquidity in the banking system, a director said on Monday, after anti-government demonstrators on the weekend called for a boycott of Siam Commercial Bank (SCB).

Tens of thousands of people rallied at Sanam Luang on Saturday and Sunday to present demands that included a call for reform of the monarchy. 

Student leader Parit Chiwarak spoke on the stage on Saturday, urging people to withdraw money from SCB due to its link with the monarchy. His Majesty the King is the biggest shareholder of the bank, according to the Stock Exchange of Thailand.

"Overall, there is not a worry about liquidity in the banking system as it remains ample," said Tharith Panpiemras, senior director of banking supervision and risk assessment, 

SCB shares dropped 25 satang, or 0.37%, to 67 baht as of 3.30pm.


Do you like the content of this article?

Malaysia urges Asean states to engage Myanmar junta's rivals

Malaysia wants a clear endgame in Myanmar' faltering peace process and is advocating direct engagement by Asean states with the junta's opponents, and bringing other countries into the fold, its foreign minister said on Wednesday.

10 Aug 2022

Over 1m tonnes of goods transported on China-Laos Railway

KUNMING: The total volume of imported and exported goods transported via the China-Laos Railway has reached 1.02 million tonnes since the railway's opening eight months ago, with total worth of about 9.14 billion yuan (48 billion baht).

10 Aug 2022

Temporary stay

PM Prayut confirms the ousted president of Sri Lanka will stay in Thailand on humanitarian grounds as he looks for asylum in a third country.

10 Aug 2022