• Mon, 19 Nov 2018 01:00
    Interest from investments in FIDF bonds exempted from income tax
    THE NATIONAL Council for Peace and Order (NCPO) has issued an order under Article 44 of the charter to exempt income tax on interest revenue derived from bonds issued by the Financial Institutions Development Fund (FIDF) in a bid to boost the country’s financial system stability.
    national
  • Tue, 20 Mar 2018 20:06
    No plan to get banks to make higher contributions to FIDF, says central banker
    The Bank of Thailand (BOT) has no plans to collect higher contributions to the Financial Institutions Development Fund (FIDF) from commercial banks, while expecting the fund to pay off its remaining debt – incurred from bailing out troubled financial institutions during the 1997 Asian financial crisis – within 12 to 14 years.
    Economy
  • Wed, 07 Dec 2016 18:36
    Cabinet nod to reinstated FIDF role
    The Cabinet Wednesday approved a draft law empowering the Bank of Thailand to resume the role of the Financial Institutions Development Fund to collect money from banks for a fund to bail out financial institutions during a financial crisis.
    Breaking News
  • Thu, 04 Jul 2013 00:00
    BAM listing advisers named
    The board of the Financial Institutions Development Fund (FIDF) has approved the appointment of Trinity Securities Co, Kasikorn Securities, and UBS as the financial advisers to apply for listing of Bangkok Commercial Asset Management Co (BAM) on the Stock
    business
  • Mon, 06 May 2013 00:00
    FIDF to pay off bondholders to tune of Bt16 bn
    The Financial Institutions Development Fund plans to pay back Bt16 billion in principal to bondholders as soon as possible after the finance minister approves the plan.
    Economy
  • Mon, 14 Jan 2013 00:00
    FIDF halves 2013 principal-repayment target to Bt5 billion
    The Financial Institutions Devel-opment Fund (FIDF), the rescue arm of the Bank of Thailand, has revised downward the amount of the outstanding principal of its debt that it plans to repay this year from Bt10 billion to Bt5 billion.
    Economy
  • Sat, 03 Nov 2012 00:00
    FIDF 'returns to old role'
    The Financial Institutions Development Fund (FIDF), which garnered losses amounting to Bt1.4 trillion during the 1997 financial crisis, looks set to resume its original role as "lender of last resort" under a draft amendment to the Bank of Thailand Act.
    Economy
  • Fri, 02 Nov 2012 00:00
    FIDF to resume original role
    The Cabinet on Friday approved a draft amendment to Bank of Thailand Act, to reinstate the original power of the Financial Institutions Development Fund (FIDF).
    business
  • Wed, 03 Oct 2012 00:00
    Banks to discuss failure of state units to pay FIDF premium
    Commercial banks plan to discuss the competition between them and the specialised financial institutions after four state-owned banks failed to pay the fee of 0.46 per cent of deposits to the Financial Institutions Development Fund.
    Economy
  • Tue, 15 May 2012 00:00
    FIDF levy to lower banks' NIM
    Commercial banks' net interest margin (NIM) is expected to remain flat or lower in the third quarter, as Financial Institutions Development Fund-related contributions will spark competition against state-owned banks, said Tisco Securities.
    business
  • Fri, 06 Apr 2012 00:00
    FIDF to get Bt17.5 bn from asset manager
    Sukhumvit Asset Management Co is confident that it can contribute Bt7.5 billion to the Financial Institutions Development Fund (FIDF) this year after restructuring non-performing loans and assets with its customers.
    Economy
  • Thu, 23 Feb 2012 00:00
    FIDF debt to be cleared in 24 years: Prasarn
    Bank of Thailand Governor Prasarn Trairatvorakul sets the preliminary goal to clear the Financial Institutions Development Fund's Bt1.14 trillion debt within 24 years.
    business
  • Thu, 23 Feb 2012 00:00
    FIDF to be cleared in 24 years: Prasarn
    Bank of Thailand Governor Prasarn Trairatvorakul sets the preliminary goal to clear the Financial Institutions Development Fund's Bt1.14 trillion debt within 24 years.
    Economy
  • Wed, 22 Feb 2012 00:00
    Constitution Court endorses constitutionality of FIDF debt burden transfer decree
    The Constitutional Court Wednesday ruled that it was constitutional for the government to issue an executive decree to transfer the debt burden of the Financial Institutions Development Fund to the central bank.
    Breaking News
  • Tue, 21 Feb 2012 00:00
    Free seminar on FIDF
    Bank of Thailand Deputy Governor Suchada Kirakul will share her view on the government's policy towards the Financial Institutions Development Fund (FIDF)'s debt at a seminar next week.
    Economy
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