BANKING
Deposit battle intensifies
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- Published: 4 Oct 2012 at 00.00
- Newspaper section: Business
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.
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