CGS forecasts wealth management will drive Thai banks' non-interest income in 2026-2028, with 517,674 customers holding 1.02 trillion baht in investable deposits by late 2025.
Thailand's big four banks derived 13-19% of non-interest income from wealth management last year, while CGS says Kasikornbank and Siam Commercial Bank are best placed through digital platforms and customer segmentation.
Analysts say low rates and macro uncertainty, including Middle East instability, are pushing banks to tighten lending and seek fee income, as Asia-Pacific wealth is projected to grow faster than any other region.
As Thai banks chase wealth fees, are they creating a new financial risk for a debt-laden population?
Can Thai banks' AI investments truly rival Singapore's DBS, or is it a costly gamble with uncertain returns?