Mr. Pridi Daochai, Managing Director of Kasikornbank, announced that the bank is ready to support government mechanisms to assist all customer groups by immediately reducing the MLR, MOR, and MRR loan interest rates by 0.40%, following a previous reduction on March 24, 2020.

This adjustment brings the MLR interest rate down to 5.60%, while the MOR and MRR rates are now at 6.22% and 6.10%, respectively. This interest rate reduction is an additional measure among other initiatives the bank has announced to continuously provide assistance and alleviate the interest burden for its customers during this period.

This reflects the bank's commitment to caring for and supporting its customers through the crisis. It is important to note that this interest rate reduction applies only to loan rates, and there has been no change to deposit interest rates. The new rates will take effect from April 10, 2020, onwards.