The Deposit Protection Agency (DPA) or the Deposit Protection Agency (DPA) reports statistics of protected deposits at the end of 2023 amounting to 16.09 trillion baht, covering 94.75 million depositors, accelerating the progress with the fourth stage of the strategic plan. (Year 2023 – 2027) covering depositors of branchless commercial banks or the upcoming Virtual Bank.
According to the deposit statistics report at the end of 2023, it was found that there were a total of 94.75 million protected depositors, an increase of 4.33 million or a growth of +4.79% (YoY), with almost all of them being small depositors. Have deposits of no more than 1 million baht, while the number of protected deposits has decreased from 2022 to a total of 16.09 trillion baht, a decrease of 80.4 billion baht, or equivalent to a decrease of -0.5% (YoY). If we consider deposits protected at various deposit levels compared to the end of 2022, it is found that deposits have shrunk. or increased more slowly at almost all levels of the deposit limit In particular, retail deposits with deposits of less than 1 million baht shrank by 1.66 percent, continuing to shrink from 2022, as well as shrinking deposits of large depositors with deposits of more than 25 million. The baht has a high share and is the main driver of deposit growth. As a result, the overall growth of protected deposits in 2023 will decrease slightly compared to the end of 2022.
Currently, the deposit protection limit as stated by law is 1 million baht, which can fully protect depositors. Covers most of the country’s small depositors. This is a proportion of 98.11% of depositors who are protected throughout the system. Meanwhile, the Deposit Protection Fund has accumulated capital of 141,888.53 million baht (information from February 2024) In addition, to support the establishment of financial institutions in the form of commercial banks without a branch (Virtual Bank) that will occur in the future. The Ministry of Finance will develop a symbol for deposit protection to communicate on digital financial service channels. Create confidence in depositors and the public when using services with financial institutions under the protection of the Deposit Protection Agency.
In addition, the SKF has continued to accelerate the development of Phase 4 of the Strategic Plan (2023-2027) in many dimensions. Reinforce the vision of being a reliable and modern deposit protection organisation. Ready to build confidence among the public and depositors. Encompasses the goal of developing willingness to pay Liquidation and Asset Management In order for depositors to receive protection and care and receive accurate and complete refunds within the time period specified by law, we also work with various agencies to provide basic financial information and deposit protection. To be part of creating good financial health for the people.
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