) Damages to Thai Financial Institutions The crisis now plaguing the U.S. Financial
institutions has caused very little. Damages to the Thai financial institutions that have
investment interests abroad. This is because Thai, commercial banks. In, particular maintain
foreign investment concerns that amount to only 1.6 per cent of their formal financial assets.
.Their investment in foreign bonds also has a proportion of only 13 per cent of their overall
formal foreign loans. In. Addition the majority, of Thai commercial banks have invested in
government-insured foreign credit instruments and this,, Has to some extent reduced the risks
that might be incurred. According to the governor of the Bank of Thailand the total,, Value of
.The damages sustained by the Thai financial institutions is only 4 800 baht or, million, 0.1 per
cent of the total value. Of the credits they, have issued amounting to 9.4 trillion baht. The
damages are thus proportionately quite small.
.
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