Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Thailand News  >>   Economy   >>   New bank head in Thailand
NEWS UPDATES 7 July 2010

New bank head in Thailand

Related Stories

June 29, 2010
Thai 2010 GDP revised to 5-6 percent

June 12,2010
Fiscal Efficiency in Thailand

June 10,2010
Thai Central Bank to revise 2010 economic growth

June 8, 2010
Thailand undergoes yet another cabinet reshuffle

New Bank of Thailand (BoT) head Prasarn Trairatvorakul said a major task was to make sure Thai people can access financial resources and obtain reasonable loans.

Mr. Prasarn, president of Kasikornbank and chairman of Thai Banks Association, said this at a forum on “Business for Society, a National Reform Driving Force” held today by a local newspaper.

“As BoT governor, I also have the duty to ensure economic stability and overseeing financial institutions”, said Mr. Prasarn.

He said financial institutions must think of three sides—price, market mechanism and ethics.

Now, the question on whether the net interest margin (NIM) of commercial banks is too high is being raised, he noted.

“ Compared to the developed countries, the NIM in Thailand is higher, but it is lower than the underdeveloped nations. This is because the developed countries gain more income from fees on financial transactions that can compensate for the low NIM”, the banker told the Bangkok Post.

He said the NIM of each client group is also different. Commercial banks can earn quite low NIM from the major customer group due to fierce competition among banks, he explained.

The low credit clients, in the mean time, have to pay higher loan rates as they are considered to have greater financial risk. Therefore, the NIM of these clients is also high, he pointed out, he said.

In 2009, an average net interest margin of the commercial bank system was 3.2-3.3 percent, according to Mr. Prasarn.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below
Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com