Sunday, December 15, 2019

SME D Bank cuts MRR, deposit interest rate

Nov 19. 2019
Nartnaree Rathapat
Nartnaree Rathapat
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By THE NATION

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The Small and Medium Enterprise Development Bank (SME D Bank) has cut its minimum retail rate (MRR) by 0.125 percentage point since November 15, deputy managing director and acting managing director Nartnaree Rathapat said.

“As a state-backed specialised financial institute, SME D Bank is committed to promoting the government’s economic stimulation measures and supporting SME operators nationwide by alleviating their financial burden amid economic fluctuations,” she said.

“The bank is adhering to the Bank of Thailand’s policy announced on November 6 and has lowered its MRR policy rate by 0.25 percentage point, or from 8.925 per cent to 8.800 per cent,” said Nartnaree. “Furthermore, SME D Bank has adjusted its interest rate for receipt of deposit and fixed deposit accounts down by 0.100 percentage point in accordance with the adjusted MRR.”

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