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GSB cuts loan interest rate

Aug 15. 2019
 Chatchai Payuhanaveechai
Chatchai Payuhanaveechai
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By The Nation

The Government Savings Bank (GSB) on Thursday cut its loan interest rates by 0.13 of a percentage point, effective from Friday (August 16).

Following the interest rate cut, the bank’s minimum retail rate reduced from 7 per cent to 6.87 per cent a year, while the minimum overdraft rate also fell from 7 per cent to 6.87 per cent.

GSB will, however, maintain its deposit interest rate, the bank’s president and chief executive officer, Chatchai Payuhanaveechai, said on Thursday.

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