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

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

FILE PHOTO: The Bank of Thailand logo is seen in Bangkok

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 <SCB.BK>.

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)

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