Finance Ministry to collect fees from commercial banks at 0.47%

0
393

BANGKOK, 14 February 2012  – The Finance Minister has concluded that the government will collect fees from commercial banks and Specialized Financial Institutions at the fixed rate of 0.47%. 

After discussing with the Bank of Thailand (BoT), the Public Debt Management Office (PDMO), and representatives from the Thai Bankers’ Association, Finance Minister Kittiratt Na Ranong announced that all sides agreed with the fixed fee rate collection at 0.47%. The new fee collection will take effect from 31 July onwards.

According to the Minister, 0.01% fee collected will be put in deposit insurance funds, while the rest, or 0.46%, will go to the BoT, for the repayment of the 1.14 trillion baht national debt incurred during the meltdown a decade ago.