SCB has implemented ongoing measures to enhance liquidity and alleviate issues for both business and retail customers facing the challenges posed by the COVID-19 pandemic. The bank announced a reduction in the MOR loan interest rate by 0.25% and the MRR by 0.125%, in addition to previously announced measures for debt moratoriums and low-interest government loan programs, effective March 24.

SCB has reduced the MOR loan interest rate from 6.745% to 6.495% and the MRR from 6.87% to 6.745% to support the liquidity of small and medium-sized enterprises and retail customers

These adjustments are aimed at assisting those affected by the economic slowdown due to the COVID-19 outbreak. This is an additional measure to support businesses and retail customers nationwide, following earlier announcements and the low-interest government loan program at 2%.

SCB is concerned about all customer groups impacted by the economic slowdown resulting from the prolonged COVID-19 situation. Although the previously announced measures to assist business operators and retail customers have received positive feedback nationwide, the bank recognizes the need for continued measures to alleviate problems by further reducing loan interest rates, demonstrating a firm commitment to support a swift economic recovery.

Regarding deposit interest rates, the bank has not reduced the interest rates for individual savings accounts but has lowered the rates for corporate savings accounts by 0.05% and fixed deposits by 0.10-0.25%. These new loan and deposit interest rates will take effect from March 24, 2020.