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Kasikorn Bank raises deposit rates to the highest level 0.25%-loan interest 0.20%

Bangkok, June 2 – Kasikorn Bank raises the deposit interest rate to the maximum by 0.25% and adjusts the loan interest by 0.20% after the MPC raises the policy rate by 0.25%.Mr. Krit Jitjang Managing Director Kasikorn Bank revealed that according to t...

Bangkok, June 2 – Kasikorn Bank raises the deposit interest rate to the maximum by 0.25% and adjusts the loan interest by 0.20% after the MPC raises the policy rate by 0.25%.

Mr. Krit Jitjang Managing Director Kasikorn Bank revealed that according to the trend of economic conditions that tend to recover. As a result, the Monetary Policy Committee (MPC) resolved to raise the policy rate by 0.25% on May 31, 2023.

so that interest rates on deposits and loans are adjusted accordingly The bank therefore considered raising the savings deposit interest rate. and fixed deposits for individuals and juristic persons at 0.05% – 0.25% in order to increase purchasing power for customers to cope with economic challenges smoothly.

While adjusting the loan interest rate increased by 0.20%, resulting in interest rates for large customers. Term loans (MLR), interest rates for prime large customers in the form of overdrafts (MOR) and interest rates for prime retail clients (MRR) were raised to 7.02%, 7.34% and 7.05%. per year, respectively, effective from June 6, 2023 onwards

. The Bank continues to focus on taking care of and helping to alleviate the burden of expenses for retail customers and vulnerable groups continuously. It will consider appropriate assistance measures for customers who may be affected. And taking into account the potential and opportunities for adaptation of customers in the future The affected customers can proceed through various channels of the bank. – Thai News Agency

Source: Thai News Agency