Mr. Krit Jitjang, Managing Director of Kasikorn Bank revealed that the bank is responding to the increase in the policy interest rate to maintain price stability and the long-term economy of the country as set by the Bank of Thailand. However, to ensure that the Thai economy can continue to recover and to enhance purchasing power while assisting retail customers and small businesses in a high inflation environment, the bank has raised fixed deposit interest rates by 0.10% - 0.50%.

On the lending side, to minimize the impact on retail customers, the bank is gradually passing on the interest rate increase by adjusting the loan interest rates specifically for large customers by 0.25%, effective from October 3, 2022, as follows:

The interest rate for prime large customers on fixed-term loans (MLR) has been increased by 0.25% from 5.47% to 5.72%.

The interest rate for prime large customers on overdraft loans (MOR) has been increased by 0.25% from 5.84% to 6.09%.