Thai bank savings up 4.3% – but 9 in 10 accounts have less than 50,000 baht
Total bank deposits in Thailand rose 4.3% in 2022 year on year, though 98.52 million accounts or 88.88% have less than 50,000 baht, the central bank revealed on Tuesday.
The Bank of Thailand (BOT) said overall deposits in commercial banks last year stood at 16.897 trillion baht, up 4.3%. It said the rise was driven by the BOT’s policy rate hike, which prompted commercial banks to increase their deposit and loan rates accordingly.
Account-holders in Bangkok top the provincial charts with combined deposits of 10.58 trillion baht.
The BOT lists the top 10 provinces for combined deposits in commercial banks as:
- Bangkok: 10.58 trillion baht
- Nonthaburi: 586.002 billion
- Samut Prakan: 583.762 billion
- Chonburi: 551.649 billion
- Pathum Thani: 345.482 billion
- Chiang Mai: 291.601 billion
- Nakhon Pathom: 230.548 billion
- Samut Sakhon: 196.036 billion
- Songkhla: 194.187 billion
- Rayong: 190.014 billion
The 10 provinces with lowest combined bank deposits are:
- Mae Hong Son: 7.452 billion baht
- Amnat Charoen: 9.295 billion
- Bueng Kan: 9.837 billion
- Satun: 10.966 billion
- Nong Bua Lamphu: 14.052 billion
- Mukdahan: 15.703 billion
- Uthai Thani: 15.903 billion
- Nan: 16.188 billion
- Chainat: 18.060 billion
- Yasothon: 18.149 billion
Highest accumulated deposits by region are:
- Central (excluding Bangkok): 3.665 trillion baht
- Northeast: 956.765 billion
- North: 835.805 billion
- South: 861.239 billion
Of the savings accounts, 98.52 million had less than 50,000 baht while 1,023 had over 500 million baht.
