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 Bank & Finance
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23 Sep 07 22:40
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BoT affirms Deposit Protection Law good for depositors, banks
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TNA
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BANGKOK, Sept 22 - Citing that many countries have already implemented savings protection to depositors, a senior Bank of Thailand (BoT) official said the central bank believes the Deposit Protection Act will benefit depositors and financial institutions alike.
Only a small proportion of depositors -- very large-scale players -- will be denied full coverage under the act. In Thailand only 10,000 depositors have over Bt50 million in a single savings account.
BoT assistant governor...
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