Wednesday, November 20, 2019

KBank cuts MLR

Nov 08. 2019
The bank's president Predee Daochai
The bank's president Predee Daochai
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Kaskikornbank has cut the Minimum Loan Rate (MLR) effective November 11, it announced today.

The bank's president Predee Daochai said that in response to the Bank of Thailand’s policy rate cut and with the aim of helping ease interest burdens of the banks’ customers amid murky economic conditions, KBank was reducing the MLR from the current 6.25 per cent to 6 per cent.

In addition, KBank announced a 0.07-0.25 percentage point reduction in deposit rates for juristic customers.

Deposit rates for retail customers remain unchanged during this time.

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