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Foreign currency deposit accounts skyrocket
Bangkok Post
|June 20, 2025
Foreign currency deposit (FCD) accounts have grown rapidly, driven primarily by individuals, especially younger depositors seeking higher returns.
As of April 2025, the total number of FCD accounts in the banking industry tallied 4.33 million, rising 71.6% year-to-date and 433% year-on-year, according to Kasikorn Research Center (K-Research).
In terms of outstanding deposits, these accounts had 25.5 billion baht, rising 4.5% year-to-date and 15.5% year-on-year.
The significant growth in FCD accounts was attributed to individuals, who held 4.25 million accounts as of April, an increase of 73.6% year-to-date and 467% year-on-year.
Outstanding deposits held by individuals amounted to 2.46 billion baht, rising 15.3% year-to-date and 105% year-on-year.
This story is from the June 20, 2025 edition of Bangkok Post.
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