Showing 1 - 10 of 14
Local deposits forecast to expand by 1-3%
Business, Wichit Chantanusornsiri, Published on 27/03/2025
» The deposits of Thais are expected to grow by 1-3% in 2025 year-on-year, in line with the slow growth of the Thai economy amid uncertainties both domestically and internationally, according to the Deposit Protection Agency (DPA).
Foreign currency deposits post healthy uptick in 2023
Business, Somruedi Banchongduang, Published on 05/03/2024
» Foreign currency deposits (FCDs) experienced a robust surge last year, driven by enticing interest rates resulting from global interest rate hikes.
Agency records 0.5% year-on-year drop in deposits last year
Business, Somruedi Banchongduang, Published on 27/02/2024
» The value of deposits under the supervision of the Deposit Protection Agency (DPA) in 2023 fell by 0.5% year-on-year, the first decline in a decade, attributed to the top and the bottom-tier deposit segments, said DPA president Songpol Chevapanyaroj.
Thai deposits fall for first time in a decade
Business, Wichit Chantanusornsiri, Published on 03/11/2023
» 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.
Baht all safe and sound
Business, Wichit Chantanusornsiri, Published on 24/04/2023
» While the recent banking debacle in the US and Europe sparked fears about a contagion spreading worldwide, the head of Thailand's Deposit Protection Agency (DPA) said since the agency's establishment in 2008, Thailand has never been close to requiring action to protect deposits.
Agency preps operations for new deposit variety
Business, Somruedi Banchongduang, Published on 20/01/2023
» The Deposit Protection Agency (DPA) plans to safeguard customers' accounts at the proposed virtual banks, with the agency preparing its internal operations in line with this new offering.
State eyes 10m digital ID registrants
Business, Komsan Tortermvasana, Published on 24/12/2022
» The government targets 10 million registrants for digital ID systems by the end of next year, double the current total, to improve the country's digital ecosystem, says the Digital Economy and Society (DES) Ministry.
Agency predicts higher focus on savings
Business, Somruedi Banchongduang, Published on 23/03/2022
» The Deposit Protection Agency (DPA) expects Thai depositors to pay more attention to saving money over the next two years in preparation for economic uncertainty.
Deposit protection move not seen hitting confidence
Business, Wichit Chantanusornsiri, Published on 11/08/2021
» The lowering of deposit protection to a maximum of 1 million baht this month is unlikely to impact the confidence of the depositors on the financial institutions, said Krisada Chinavicharana, the Finance Ministry's permanent secretary.
Savings rates soar amid pandemic
Business, Somruedi Banchongduang, Published on 10/08/2021
» Savings rates by locals at Thai and foreign commercial banks have more than doubled over the course of the pandemic, new data has revealed, with large depositors contributing the overwhelming majority of additional money.