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  1. #1
    Thailand Expat misskit's Avatar
    Join Date
    Dec 2009
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    Chiang Mai

    Bank deposits swell as investors avoid risk assets in uncertain times

    Despite lower interest rates this year, bank deposits have risen sharply as investors have stayed away from investment in risk assets.

    Banks' deposits as the end of May shot up by 8.76 per cent to Bt 14.63 trillion, an increase of Bt1.18 trillion from the end of last year.Liquidity has flooded the banking system as investors delay investment in risk assets and put their money into bank accounts instead, Adisorn Sermchaiwong, president and chief executive officer at CIMB Thai, said.

    He said CIMB bank’s deposits rose to Bt216 billion at the end of May, up from 199 billion at the end of last year.“Despite lower interest rates, banks have excess liquidity, as people do not know where to invest. Money is expected to continue flowing into banks but in smaller amounts,” he said.

    MORE Bank deposits swell as investors avoid risk assets in uncertain times

  2. #2
    Thailand Expat

    Join Date
    Jul 2018
    Last Online
    Today @ 11:17 AM
    nakhon ratchasima
    what about a .5% rise for us that have had deposit accs.for 12yrs.

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