<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=288482159799297&amp;ev=PageView&amp;noscript=1">

Web Notifications

SaltWire.com would like to send you notifications for breaking news alerts.

Activate notifications?

Saltwire Logo

Welcome to SaltWire

Register today and start
enjoying 30 days of unlimited content.

Get started! Register now

Already a member? Sign in

Thai central bank not worried about banking liquidity amid SCB boycott call

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS

Bud the Spud hits the road | SaltWire

Watch on YouTube: "Bud the Spud hits the road | SaltWire"

BANGKOK (Reuters) - Thailand's central bank is not concerned about liquidity in the banking system, a director said on Monday, after anti-government demonstrators made a call at the weekend for a boycott of Siam Commercial Bank .

Thousands of protesters rallied in Bangkok on Sunday to present demands that included a call for reforms of the country's monarchy and urged people to withdraw deposits from SCB, in which King Maha Vajiralongkorn is listed as the biggest shareholder.

"Overall, there is not a worry about liquidity in the banking system as it remains ample," Tharith Panpiemras, a senior director at the Bank of Thailand, told reporters.

Shares in SCB, Thailand's oldest bank and biggest by market value, were unchanged at 0445 GMT while the main stock index <.SETI> was up 0.3%.

(Reporting by Satawasin Staporncharnchai; Writing by Orathai Sriring; Editing by Martin Petty)

It has been our privilege to have the trust and support of our East Coast communities for the last 200 years. Our SaltWire team is always watching out for the place we call home. Our 100 journalists strive to inform and improve our East Coast communities by delivering impartial, high-impact, local journalism that provokes thought and action. Please consider joining us in this mission by becoming a member of the SaltWire Network and helping to make our communities better.
Share story:
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Local, trusted news matters now more than ever.
And so does your support.

Ensure local journalism stays in your community by purchasing a membership today.

The news and opinions you’ll love starting as low as $1.

Start your Membership Now