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.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like

Bank of Thailand Relaxes Regulations on Non-residents’ Transactions 

The Bank of Thailand is providing more flexibility for non-residents to undertake Thai Baht transactions without submitting supporting documents, including managing Thai baht liquidity in their Non-resident Baht Accounts.

Fitch Affirms Thailand at ‘BBB+’ with Stable Outlook

The rating takes into account Thailand’s strong external finances and sound macroeconomic policy framework, but also considers weaker structural features and political uncertainty.

Bank of Thailand raises key interest rate to highest level in nine years

The Bank of Thailand raised its key interest rate to 2.25%, citing concerns about upside risks to prices and the need to ensure inflation stays low in the long term.