Central Banking

Thailand can weather the storm

Thailand's banks are strong enough to weather the current global turmoil, said Bandid Nijathaworn, a deputy governor of the Bank of Thailand.

Speaking at a Fitch conference, Nijathaworn said that banks in Thailand are predominantly domestically owned and rely more on domestic deposit funding rather than external funding.

He further added that the Thai banking sector has low exposure to subprime credit and is well capitalised.

Click here to read the speech.

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