Associate Members
Name of Institution
Deposit Protection Agency (DPA)Country
Thailand (THA)Institution at a Glance:
The Deposit Protection Agency (DPA) is a public agency established by law via the Deposit Protection Agency Act BE. 2551 (2008). Its objectives are to provide protection for deposits in insured financial institutions, enhance confidence and stability in the financial institution system, manage financial institutions subject to control under the Financial Institution Business Act B.E.2551 (2008), and liquidate financial institutions whose banking licenses have been revoked. More specifically, retail depositors are the main target of this scheme as they may not have sufficient access to financial information and rely on bank deposits for their livelihoods.
Mission
- To enhance the understanding of the deposit protection system for depositors, financial institutions, as well as other parties domestically and internationally.
- To closely cooperate with related authorities in order to maintain financial stability of the financial system.
- To establish an appropriate premium collection system and sound management of the Deposit Protection Fund.
- To develop an effective information system to ensure fairness of the deposit protection scheme, inclusive of accurate and rapid reimbursement.
- To manage with efficiency according to good governance principles, and to appropriately comply with international standards established by the International Association of Deposit Insurers.
In the event that a financial institution fails, insured depositors shall be reimbursed under the stipulated coverage amount with a certain period of time. Deposits exceeding the coverage amount can be claimed during the liquidation process. At the current coverage limit of THB 25 million, approximately 99% of depositors are covered.
As of July 2015, there are 35 financial institutions insured by the Deposit Protection Agency, comprising 30 commercial banks, two finance companies, and three credit foncier companies.
Member Since: 2015
Key Officer
Songpol Chevapanyaroj, President
Contact Us
Deposit Protection Agency
349 SJ Infinite I Business Complex
25-27th Floor, Vibhavadi-rangsitRoad,
Chompol, Chatuchak, Bangkok 10900 Thailand
Telephone +66 2272 0300
Website: http://www.dpa.or.th