Dip in deposits for 2023Customers use automatic teller machines and cash deposit machines at a department store in 2021. In 2023, deposits amounted to 16 trillion baht, down by 80.4 billion baht or 0.5% compared with the previous year. Mr Songpol said the factors for this shift came from two segments —deposit amounts not exceeding 1 million baht, and deposits exceeding 10 million baht. Mr Songpol said deposits in the top-tier segment, or those exceeding 10 million baht also declined last year. Normally, deposit growth would be in line with GDP growth.

Source: Bangkok Post February 26, 2024 13:52 UTC