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Savings Protection

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reading yesterday that the DPA will decrease the amount of deposit cover of savings from 50mill.bht per.acc.per.bank to 25mill.

in early 2015 and to 1mill.in early 2016.

mr.sorasit said the new time frame should not affect depositors as only 1% of 60million savers have more than 1mill.in a bank account.

so that leave's 50.4 mill with less than 1mill.or with nothing at all.gee wiz how much debt is there.

so the 1% will have to have multiple bank accs.

this could start a rate war[ours is best]

remember what gordon brown said nobody will be affected.

  • Author

one thing i forgot to mention state owned banks are NOT covered by the[dpa]

who are the state own banks?

  • Author

who are the state own banks?

i am guessing thai gov.saving bank could be one,we have a substantial amount in therew00t.gif

in my first post the amount of accs.under a mill.should read 59.4mill.

another one could be islamic bank of thailand,this explains what i saw on ch.3 of people drawing their savings out on thurs.

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