Deposit battle intensifies | Bangkok Post: business

Business >

Deposit battle intensifies

Fee waiver, 4% rate on the menu

- +

Driven by strong growth in loan demand, banks are aggressively raising deposits, thereby intensifying competition in the market. 

At the same time, global economic uncertainties have forced them to manage liquidity better, said local bankers.

Promotions targeting depositors have been offered by the country's seven largest banks: Bangkok Bank, Krung Thai Bank (KTB), Siam Commercial Bank (SCB), Kasikornbank, Bank of Ayudhya, TMB Bank (TMB) and Thanachart Bank.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments