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“Decree” clarifies the facts “Krung Thai Bank” will be released from the FDA or not.
On November 11, 20, the State Council Office issued a document to clarify In the case of the Krung Thai State Enterprise news, stating that
“I would like to clarify facts about the opinion of the State Council on the status of the Financial Institutions Development Fund. And Krung Thai Bank Public Company Limited
According to the press, the news about “The status of the Development Fund of Financial Institutions And Krung Thai Bank Public Company Limited” on issues that Krung Thai Bank will be released from that state company
Office of the State Council I would like to clarify that
1. Financial Institution Development Fund Established under article 29 ter of the Bank of Thailand Act BE2485, the fund is a legal entity in the Bank of Thailand. The objective is to restore and develop the financial institution system so that it has stability and stability. That when the funds are in the Bank of Thailand Therefore, it still has the status of a government agency. But it is not a state enterprise according to the law on budget method only. Because the Fund Have money and assets from the Fund’s operation.
2. When the Fund for Still has the status of a government agency AND is a shareholder of Krung Thai Bank Public Company Limited in more than fifty percent of the total capital. Therefore, he has the power to operate and supervise the Krung Thai Bank. As majority shareholder Through the mechanism of the Board of Directors and the shareholders’ meeting provided for in the Public Limited Companies Act. As such, it can be seen that Krung Thai Bank Public Company Limited is not under the control or supervision of the private sector, as it is misunderstood.
Therefore, studied to understand the correct facts.
Mr. Noppadon Bereererk
Spokesperson, Office of the Council of State
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