SCB cuts lending rates across the board
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Siam Commercial Bank on Monday announced cuts of 25 basis points in its minimum loan rate (MLR), minimum overdraft rate (MOR) and minimum retail rate (MRR), with a view to assisting small and medium-sized enterprise borrowers.
With effect from Tuesday, the bank’s MLR will be 6.025 per cent, while MOR will stand at 6.870 per cent and MRR will fall to 7.370 per cent.
