Banking Industry: Loan Growth Source: Bank of Thailand 2017 2018 2019 2020 2021 MLR of the six largest commercial banks were averaged at 5.42% at the end of 2021, remaining the same from the previous year due to zero rate cut in 2021. Current policy rate was at 0.50% at the end of December 2021. With the same policy rate, commercial banks also kept their lending and deposit rates closely to last year rates. As a result, the spread between MLR and 12-month time deposit rate increased to 497 basis points from 495 basis points last year. In 2021, commercial banks’ deposits dropped 0.8% from last year to THB 16.2 trillion mainly from term deposits due to low interest rates. Consequently, the share of current and saving deposits increased to 75% from 73% of total deposit last year. Six largest banks’ average time, current, and saving deposits interest rates remain the same due to the policy rate. Source: Bank of Thailand 2020 2021 Banking Industry: Composition of Deposits by Maturity -6 2 10 -2 6 14 %yoy 12.8 6.5 3.7 2.1 Large Corporate (40%) SME (24%) Retail (36%) Total TD › 2 Years TD 1-2 Years TD 6-12 Months TD 3-6 Months TD ≤ 3Months Current and Saving 1% 1% 2% 4% 13% 12% 4% 6% 3% 5% 75% 73% 63 Form 56-1 One Report 2021
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