Banking
33% of Thais have less than 500 baht on their bank account
A study by Puey Ungphakorn Institute for Economic Research has identified just over 30 million Thais with savings accounts, altogether responsible for over 10 trillion baht in deposits.
One-third of Thai depositors have a deposit balance below 500 baht, and 50% of them have a balance below 3,124 baht.
Meanwhile the combined deposits of the largest 10% of depositors account for 93% of commercial banks’ total deposits, according to the Puey Ungphakorn Institute for Economic Research (Pier), the Bank of Thailand’s think tank.
This means a high concentration of deposits and low savings for many Thais, as 0.2% have deposits of more than 10 million, said Atchana Lamsam, head of networking and communications for Pier.
Banking
Bank cuts Thai 2020 GDP growth outlook to 2.7%
SCB’s Economic Intelligence Center (EIC) has released its latest growth forecast, at 2.7 percent, showing a slow recovery from just 2.5 percent economic growth in 2019
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(more…)Banking
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(more…)Banking
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33% of Thais have less than 500 baht on their bank account
