Bangkok Bank cuts lending rates to assist SMEs
Bangkok Bank on Monday announced cuts of 25 and 50 basis points respectively in its minimum overdraft rate (MOR) and minimum retail rate (MRR) to 7.125 per cent for both types of loan interest rate, in order to help lower the financial costs of SMEs, increase their competitiveness, and support the economy.
The new rates take effect on Tuesday.
Senior executive vice president Suvarn Thansathit said the bank’s MOR and MRR rate reductions were aimed to help business operators, especially small and medium-sized enterprises, to lower their interest-rate costs, which contribute to business operation costs.
“Bangkok Bank is committed to assisting operators to improve their business efficiency and competitiveness, which will help drive the economy in line with government policies,” he said.
