Thailand's banking sector is currently dealing with a large surplus of cash, as reported by a Bank of Thailand (BoT) assistant governor. Despite this, the central bank hasn't tightened its lending rules, suggesting banks remain cautious about giving out loans.

 

In a piece on the BoT website, Assistant Governor Sakkapop Panyanukul notes that banks determine who to lend to based largely on whether those borrowers can pay back. For the past ten years, banks have consistently held onto considerable excess cash.

 

Sakkapop highlights that this is clear from the big deposits and investments that commercial banks have with the central bank, ranging from 4 to 5 trillion baht (around US$115.64 to US$144.55 billion).

 

 

The Thai government views high household debt as a hurdle to boosting the economy, particularly after the pandemic. To counter this, they are pushing banks to offer more loans to help spark economic growth.

 

Sakkapop further mentions that while the central bank's lending guidelines stress setting reasonable payment plans for borrowers, they don't heavily control how banks decide to lend.

 

File photo for reference only

 

-- 2024-11-26

 

 

11 hours ago, snoop1130 said:

Thailand's banking sector is currently dealing with a large surplus of cash, as reported by a Bank of Thailand (BoT) assistant governor. Despite this, the central bank hasn't tightened its lending rules, suggesting banks remain cautious about giving out loans.

And so they should, irresponsible lending to those unable to prove they can pay it back never ends well.

Keep Thaksin away from banking, he knows what to do with a surplus of cash... 

 

So their solution to fixing the economy "suffering" from high household debt is to increase debt? 

Or are they referring to business loans?

 

13 hours ago, snoop1130 said:

The Thai government views high household debt as a hurdle to boosting the economy, particularly after the pandemic. To counter this, they are pushing banks to offer more loans to help spark economic growth.

 

 

the interest is going down the drain again for the people that leave their cash in the bank...  not a bitcoin gambler with my life savings either... and succesful investors here like to brag but never share any tips on what to really buy or invest in...  when I wanted to buy some BTC in the dip at 600k a few moons back, bitkub let me fill in all my private info to kill it at the end with an utility bill that had to be in my name... lol... even COR was not enough

 

200k down last 5 day

936k up since 1 month

 

backed by what?   greed and hope some other person is held holding the bag?

 

maybe was good at 10k or even 100k ... 3.204.374 baht for a coin of hot greedy air

 

I rather have 1 kg of gold for 2.9 million baht

 

check please

If they have too much they can send some to me.

 

Just trying to help...