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WorldApril 1 2015

Thailand’s CBG seeks greater banking depth and breadth

The governor of the Bank of Thailand, Prasarn Trairatvorakul, has seen the country's banking sector show remarkable resilience over the past few years. However, he is now looking for its lenders to expand their services into neighbouring countries, as well as offer more sophisticated products at home.
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Thailand’s CBG seeks greater banking depth and breadth

Dr Prasarn Trairatvorakul, the Bank of Thailand governor since October 2010, has helped to keep the country’s economy stable and growing during the past five years of political volatility, including a military coup in 2014.

While acknowledging it would be unrealistic to claim the coup has had “zero effect” on the Thai economy, which grew only 0.7% last year, Mr Trairatvorakul predicts 4% economic growth in the country this year and few problems for its banks and corporate giants, which have learned their lessons from the Asian financial crisis of 1997.

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