People in Isan have increased their savings, with a total of 608.4 billion baht held in deposit accounts in 20 provinces in the Northeast as at the end of June, up about 2.2% on the same period in 2013, according to the Bank of Thailand.
Thanetchai Angwarawong, the central bank’s director for the Northeast, said the increase showed that people in Isan were trying harder to save money.
However, there were was also 794 billion baht of outstanding debt, a warning sign that financial institutions should be cautious in extending loans as households had limited capacity to repay debt.
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