07 April 2020 – Extended deposit protections for account holders

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Financial markets and monetary policy
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

Overview: The President of the Deposit Protection Agency, Mr. Songpol Chevapanyaroj, confirmed Cabinet approved a one-year extension of deposit protection guarantees, up to B5 million per person, due to the economic impact of COVID-19 and to provide confidence in Thailand’s banking system.
Full details here: https://www.bangkokpost.com/thailand/pr/1895700/cabinet-approves-extension-of-deposit-protection-up-to-a-maximum-of-5-million-baht-for-another-year