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Four-Year Timeframe Likely for Deposit Insurance Programme in Thailand.
Aug. 1--A limited deposit insurance programme will probably be implemented over four years to allow bank customers time to adjust, according to M.R. Pridiyathorn Devakula, the governor of the Bank of Thailand.
The new programme would eventually insure only up to one million baht per account, he said, a level sufficient to cover 98 percent of accounts.
The Finance Ministry and the Bank of Thailand yesterday hosted a public hearing on the deposit insurance programme.
Since 1997, the government has maintained an unlimited guarantee on bank deposits and creditors through the Financial Institutions Development Fund.
Under the new ...
- Four-Year Timeframe Likely for Deposit Insurance Programme in Thailand.
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Source: HighBeam Research, Four-Year Timeframe Likely for Deposit Insurance Programme in...