Local deposits forecast to expand by 1-3%

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).

- WICHIT CHANTANUSORNSIRI

Mahatana Amornpisisit, president of the DPA, said last year there were 99.3 million depositors in the financial system, including people with multiple accounts, government accounts, and private company accounts, a 1.5% increase from 2023, with total deposits amounting to 16.3 trillion baht, up 1.40% from the year before.

The DPA fully protects deposits of up to 1 million baht per depositor, accounting for a total deposit value of 4.52 trillion baht, with 97.5 million depositors fully covered up to the limit of 1 million baht, or 98.2% of all depositors in the financial institution system.