Financial impacts felt by even the wealthiest of ThaisAmongst mass affluent banking customers in Thailand, 63 per cent experienced a decrease in income due to the pandemic, 7 per cent less than the wider retail banking market in Thailand. Many (41 per cent) of the country's mass affluent deferred loan repayments, as a result, 6 per cent lower than Thailand's retail banking customers, overall. This disruption to income has left 37 per cent of affluent Thais saying they intend to reduce spending, just as half of Thailand's retail banking customers plan to do. In Thailand, the mass affluent are just about as likely to increase their borrowing as retail banking customers (11 and 12 per cent respectively). Just about 3 in 4 of Thailand's retail banking customers will either increase or maintain their savings (73 per cent).

Source: The Nation Bangkok July 24, 2022 08:19 UTC