KBank's Strategic Acquisition in Muang Thai Group Holding
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
BOT Consultation Paper: Repositioning Thailand's Financial Sector
Digital Technology
Leveraging #on Technology#
and Data #o Drive #nnovation#
3 Opens:
- Open Competition
- Open Infrastructure
- Open Data#
Thai banks have been ready
for more open competition,
based on a level playing field
approach.
•
Sustainability
Managing #Transition #owards
Sustainability
Setting up data standard &
disclosure requirements for
financial institution's
environment-related activities
Tackling Thai households'
indebtedness via both demand
(consumers) and supply (loan
providers) sides
✓ Many initiatives, including open infrastructure and open data,
require amendments of laws and regulations, as well as cooperation
from other authorities.
✓ More precise impact assessment is pending a clearer plan and
details of the paper.
Source: BOT Consultation Paper, KResearch
•
•
.
Resiliency
Shifting #from #Stability #to Resiliency
Players will be regulated in
accordance with their risk
profiles (risk proportionality)
Burdensome regulations will
be revised for greater
flexibility
While the BOT does not wish
to see digital assets adopted
as Means of Payment, it does
not rule out those with proven
stability and economic value
Nonbank Financial Institutions
will be evaluated and
regulated according to their
size and impact on the
economy & financial system #
บริการทุกระดับประทับใจ
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Updates on the Deposit Protection Agency (DPA)
DPA Objectives and Missions
Enhanced understanding of the deposit protection scheme
■Close cooperation with related authorities to maintain stability of the financial institution system
Establishment of an appropriate system for premium collection and sound management of the Deposit Protection Fund
■Development of an effective information system to ensure fairness of the deposit protection scheme, with accurate and rapid reimbursement
■Management according to Good Governance Principles and in compliance with international standards established by the International
Association of Deposit Insurers
Amount of Insured Deposits
■Insured deposits include deposits and accrued interest denominated in Thai Baht accounts, excluding non-
resident Thai Baht accounts
Blanket guarantee will be gradually phased-out to a limited coverage of Bt1mn per depositor per institution.
Until 2011, Thai banks paid 0.40% per year of the daily average deposit amount (paid in June and December),
excluding deposits in foreign currencies and deposits from financial institutions not insured by the DPA
Since January 27, 2012, the contribution rate has increased from 0.40% to 0.47%, with 0.46% being the
contribution to the FIDF, and 0.01% being paid to the DPA. The FIDF fee will temporarily reduce to 0.23% until
the end of 2022*
■Royal Decree on an extension of deposit protection coverage was announced in the Royal Gazette on
September 24, 2012
The Cabinet approved a one-year extension of deposit protection up to a maximum of Bt5mn. From August 11,
2021, the protection covers deposits up to Bt1mn.
Deposit Accounts in Thailand (as of February 2023)
11 August 2012-10 August 2015
Insured Deposit Under the amending the Deposit Protection Agency Act
Up to Bt50mn
11 August 2015-10 August 2016
11 August 2016 - 10 August 2018
11 August 2018 - 10 August 2019
Up to Bt25mn
11 August 2019 - 10 August 2021
11 August 2021, onwards
Up to Bt15mn
Up to Bt10mn
Up to Bt5mn
Up to Bt1mn
Deposits
Less than Bt1mn
# of Accounts
120,364,172
%
Amount (Bt mn)
98.42
3,382,725
%
21.28
More than Bt1mn, but less than Bt10mn
1,776,912
1.45
4,372,830
27.51
More than Bt10mn, but less than Bt25mn
103,626
0.08
1,542,807
More than Bt25mn, but less than Bt50mn
More than Bt50mn
31,823
0.03
1,111,600
25,984
0.02
Total
122,302,517
100
5,483,858
15,893,820
9.71
6.99
34.50
100
Source: Deposit Protection Agency (DPA), the Bank of Thailand, KBank and KResearch
บริการทุกระดับประทับใจ
* According to the BOT announcement in the Royal
Gazette, per the authority of the emergency decree
dated April 7, 2020, financial institutions are required to
pay 0.23% of the average deposit amount, B/Es, debt
instrument (excluding the amount counted as capital),
borrowings, and securities transactions under
repurchase agreements, during January 2020 to
December 2022
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