Money Expo 2017 kicks off, banks to help reduce financial inequalities

 

 

BANGKOK, 12 May 2017 (NNT) – Money Expo 2017 kicked off on 11 May with an aim to reduce financial inequalities among bank customers and promote better access to financial sources. 

Finance Minister Apisak Tantivorawong made his remarks at Money Expo 2017 that the government put high priority on the reduction of inequalities in society, especially in economic sector, by helping all groups of people have better access to financial sources. 

He said the government had instructed all government's financial institutes to aim to provide better livelihood among the general public, and asked private banks to provide opportunities for all groups of people to receive financial services as the combating of poverty will get started with a good economic growth. 

The Thai economy is expected to expand by 3.5-3.6 percent in 2017, or higher if the country received good investments from the private sector. 

He added the ministry will call on elderly persons with good financial capability to enroll for an allowance campaign to allocate some of their pension to those in need.

 

-- nnt 2017-05-12

>banks to help reduce financial inequalities<

 

 ... thanks again, good one indeed!

Anyone believes this, even in La-la-land?? 

When owners of banks have their hands in many other businesses, rather than just providing financial services, I am sure there is no conflict of business interests and inequality in spreading access to finances.

How can this possibly work?

 The poor by definition aren't going to have the income to borrow money from the banks, & if the banks lend them any they're not going to pay it back as they're poor.

 So to do anything about the financial inequalities the banks need to give the poor enough money so that they're not poor anymore...

 Banks giving away money? not in a million years even in Amazing Thailand...

On 5/12/2017 at 8:34 AM, webfact said:

financial inequalities among bank customers

Tell me a story tell me a story tell me a story

Richly elderly to give some of their pension to poor others? 555... I just choked on my coffee... Ha ha ha. Out of all the stupid things out of this Govt, this is gotta be one at the top of the List. Unbelievable! 555!

How can this possibly work?
 The poor by definition aren't going to have the income to borrow money from the banks, & if the banks lend them any they're not going to pay it back as they're poor.
 So to do anything about the financial inequalities the banks need to give the poor enough money so that they're not poor anymore...
 Banks giving away money? not in a million years even in Amazing Thailand...

Read the last paragraph carefully. That is how the wealth will be distributed. Ha ha ha.