BankHeadOffice.com         Bank Head Office Worldwide   ♦ Loan Calculators ♦ Mortgage Guides ♦ Banking FAQs ♦ Banking Institutions ♦ Central Banks Worldwide       Home  »  Central Banks Worldwide  »  Bank of Thailand Bank of Thailand The Bank of Thailand (Thai: ธนาคารแห่งประเทศไทย) is the central bank of Thailand. The Bank of Thailand (BOT) was first set up as the Thai National Banking Bureau. The Bank of Thailand Act was promulgated on 28 April 1942 vesting upon the Bank of Thailand the responsibility for all central banking functions. The Bank of Thailand started operations on 10 December 1942.   The BOT implements monetary policy as specified by the Monetary Policy Committee as follows : mobilizing the deposits, determining the interest rate for loans to financial institutions, trading foreign exchange and exchanging for the future cash flow, borrowing foreign exchange in order to maintain the monetary stability, borrowing money in order to implement the monetary policy, trading securities as necessary and exchanging for the future cash flow in order to control the money supply in the country’s financial system, and borrowing or lending the securities with or without returns. In pursuit of this, the Bank shall uphold the following strategic objectives:  • Be equipped to alleviate volatile capital flows and uncertain economic conditions  • Enhance economic efficiency through capital account and financial liberalizations  • Prevent systemic risk in the financial system  • Improve policy implementation effectiveness through internal alignment and execution alliance with external stakeholders  • Ensure smooth transitions to new implemented systems  • Take proactive approaches towards new regulations  • Promote extensive use of electronic payment services coverage to both Bulk Payments and Conventional Media (ATM)  • Reorganize business process to enhance the execution of the BOT’s strategies under Balanced Scorecard (BSC) Bank of Thailand must be well managed and pursue a goal-oriented approach, as consistent as possible with international best practice. Bank of Thailand also responsible in determined the Base Rate in Thailand.   Bank of Thailand HQ Address: 273 Samsen Road Bangkhunprom Phra Nakhon District Bangkok 10200 Tel: +66 2283 5353 Fax: +66 2280 0449 Website: www.bot.or.th Swift Code: BOTHTHBK Currency: Baht Banking Hours : Mon - Fri : 8.30am - 3.30pm   The bank of Thailand's mission is to provide a stable financial environment for sustainable economic growth in order to achieve continuous improvement in the standard of living of the people of Thailand.   List of banks governed by the Bank of Thailand Thai Commercial Banks (14) » Bangkok Bank » Kiatnakin Bank » The Siam City Bank » Bank of Ayudhya » Krung Thai Bank » Tisco Bank » CIMB Thai Bank » Siam Commercial Bank » TMB Bank » Industrial and Commercial Bank of China (Thai) » Standard Chartered Bank (Thai) » United Overseas Bank (Thai) » Kasikornbank » Thanachart Bank Thai Retail Banks ‎(2) » Land and Houses Retail Bank » The Thai Credit Retail Bank Foreign Banks Branches ‎(15) » Bank of America N.V » Deutsche Bank A.G » RHB Bank » Bank of China » Indian Oversea Bank » Sumitomo Mitsui Banking Corporation » BNP Paribas » JP Morgan Chase Bank N.A » The Bank of Tokyo-Mitsubishi UFJ » Citibank N.A » Mizuho Corporate Bank » The Hongkong And Shanghai Banking Corporation » Credit Agricole CIB » Oversea Chinese Banking Corporation (OCBC) » The Royal Bank of Scotland N.V
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