Overview
Savings cooperatives are established on democratic principles and most members are middle class with regular incomes. Cooperative operations have grown steadily amidst changing economic conditions, making most of them profitable. As of December 31, 2009 data were collected on 1,281 audited savings cooperatives showing a total of 2.5 million members and 932 billion THB in assets. Of total operating capital of 932 billion THB, 85.6 percent was internal capital, including 30.6 percent member deposits, and 55.0 savings cooperatives capital (46.2 member shares and remainder accumulated earnings), and external capital including 12.8 percent borrowings. Capital was used primarily for member loans at 77.1 percent, 4.7 percent was in loans to other cooperatives, 12.0 percent was invested in bonds and equities, and 5.5 percent was in cash/deposits.
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