Thailand’s commercial banks are financially sound and are able to withstand any economic impact from the pandemic, Bank of Thailand (BoT) Deputy Governor Ronadol Numnonda said in a statement Sunday.
Thailand’s commercial banks are financially sound and are able to withstand any economic impact from the pandemic, Bank of Thailand (BoT) Deputy Governor Ronadol Numnonda said in a statement Sunday.
The banking system’s capital fund is strong with an adequacy ratio, or BIS ratio, at the “high level” of 19.2% by the end of June. Lenders are profitable and have excess liquidity, he said, in response to a report citing an economist’s comments that Thai banks are facing problems. Read more…..
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Larry Kudlow, National Economic Council Director, joins ‘Closing Bell’ to discuss how the federal government is helping states receive unemployment insurance.
