ID :
137038
Wed, 08/11/2010 - 08:32
Auther :
Shortlink :
http://m.oananews.org//node/137038
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Thai economy to continue growing satisfactorily, says veteran banker
BANGKOK, Aug 11 – The Thai economy is set to continue growing satisfactorily without impediments given the improved economic figures and conditions in the first half of this year, according to a veteran banker.
Speaking after the annual meeting between Bank of Thailand (BoT) officials and representatives of 15 foreign commercial banks, Pakorn Wanglee, manager of the Royal Bank of Scotland, said the improved economic conditions would contribute to the loan growth in the future.
The Foreign Commercial Banks Association was interested in Thailand’s economic outlook inquired about the interest trend, foreign exchange rate movement, and liquidity in the system. At present, the liquidity is as high as Bt3 trillion, which is considered excessive.
“The central bank explains it has managed the liquidity through the repo and swap markets to ensure it reaches equilibrium. As for the baht, the bank has supervised the currency movement to avert its fluctuation,” said Mr. Pakorn.
He added the business performance by foreign bank branches under the current economic situation and regulatory conditions had proceeded without obstruction. (MCOT online news)
Speaking after the annual meeting between Bank of Thailand (BoT) officials and representatives of 15 foreign commercial banks, Pakorn Wanglee, manager of the Royal Bank of Scotland, said the improved economic conditions would contribute to the loan growth in the future.
The Foreign Commercial Banks Association was interested in Thailand’s economic outlook inquired about the interest trend, foreign exchange rate movement, and liquidity in the system. At present, the liquidity is as high as Bt3 trillion, which is considered excessive.
“The central bank explains it has managed the liquidity through the repo and swap markets to ensure it reaches equilibrium. As for the baht, the bank has supervised the currency movement to avert its fluctuation,” said Mr. Pakorn.
He added the business performance by foreign bank branches under the current economic situation and regulatory conditions had proceeded without obstruction. (MCOT online news)
