BOT Shows No Concerns over the Boycott of SCB
BOT Shows No Concerns over the Boycott of SCB.
BOT Shows No Concerns over the Boycott of SCB.
21 ก.ย. 2563

The Bank of Thailand (BOT) stated that it is not concerned about liquidity in the commercial banking system as the youth-led demonstrators called for a boycott on the Siam Commercial Bank Public Company Limited (SCB).
 
The protesters on Sunday called for a boycott on SCB by withdrawing deposits from the bank as the group continued to demand a reform of the country’s monarchy. However, Mr. Tharith Panpiemras, a senior director at BOT, stated that the call for withdrawing deposit on a certain bank would not affect the Thai banking system as it has the Liquidity Coverage Ratio (LCR) over one fold, reflecting a high liquidity.
 
The share price of SCB slipped ฿0.75/share or 1.1% to ฿66.50/share as of 15:40 local time in Thailand.
