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Thai deposits fall for first time in a decade

Value of deposits decline by 1.32%

As of Aug 31, 2023, deposits amounted to 16.0 trillion baht, down by 212 billion baht from the end of 2022.

The value of deposits under the Deposit Protection Agency (DPA) fell by 1.32% year-on-year, the first decline in a decade, attributed to a fragile economy and war in the Middle East, says DPA president Songpol Chevapanyaroj.

As of Aug 31, 2023, deposits amounted to 16.0 trillion…

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