BoT not worried about banking liquidity amid SCB boycott callSiam Commercial Bank is a target of anti-government protesters over its link with the monarchy. The Bank of Thailand is not concerned about liquidity in the banking system, a director said on Monday, after anti-government demonstrators on the weekend called for a boycott of Siam Commercial Bank (SCB). Student leader Parit Chiwarak spoke on the stage on Saturday, urging people to withdraw money from SCB due to its link with the monarchy. His Majesty the King is the biggest shareholder of the bank, according to the Stock Exchange of Thailand. "Overall, there is not a worry about liquidity in the banking system as it remains ample," said Tharith Panpiemras, senior director of banking supervision and risk assessment,SCB shares dropped 25 satang, or 0.37%, to 67 baht as of 3.30pm.

Source: Bangkok Post September 21, 2020 08:48 UTC