Banking services remain uninterrupted despite earthquake

Business executives and capital market regulators resumed their normal operations shortly after the earthquake that hit Bangkok and most parts of Thailand on Friday, pointing out that measures are in place to handle the aftermath.

- POST REPORTERS

Roong Mallikamas, deputy governor for the Bank of Thailand, affirmed that financial institution infrastructure and financial services, including the Baht Net system, mobile banking applications and government disbursement mechanisms, have not been interrupted.

“Under the central bank’s street test, all payment systems of all banks passed the inspection. Despite some branches affected physically remaining closed temporarily, the overall payment system is functional and offering services normally,” she said.

“Financial institutions continue to provide normal services for both retail and corporate clients without disruption. The central bank has instructed financial institutions to extend special debt relief for disaster-affected borrowers; similar to measures implemented during the 2024 floods, with certain flexibility already in place affecting this supply.

There are many banks, both commercial as well as specialised financial institutions, offering various financial packages for customers who have been impacted by the disaster. The financial aid packages cover additional credit lines for home repairs and existing debt restructuring with a special interest rate offer and grace period for interest payment.

BUSINESS AS USUAL

Thailand’s energy supply and its manufacturing sector remain intact after inspections found no alarming impacts and energy officials and business leaders.