Posts Tagged ‘commercial bank’

Bank of Thailand (BoT) Assistant Governor Sorasith Sunthornkes on Wednesday revealed the central bank had urged commercial banks to lend more to the business sector, particularly small- and medium-size enterprises (SMEs), in support of government policy.

Additionally, the central bank prompted Thailand’s commercial banks to supervise the capital fund and non-performing loans (NPLs) closely, and asked them to restructure debts to ensure that the capital base is not affected.

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Commercial banks still have manoeuvre space to further reduce lending rates given the excess liquidity in the financial system and stiff competition in financing, according to the Bank of Thailand (BoT).

BoT Deputy Governor Bandid Nijathaworn said current deposit rates should not be cut further, because they are already considered at their lowest level.

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