Mr. Krit Jitjang, Managing Director of Kasikorn Bank, revealed that in line with the recovering economic conditions, the Monetary Policy Committee has decided to raise the policy interest rate by 0.25% on May 31, 2023.

To ensure that deposit and loan interest rates are aligned, the bank has decided to increase the interest rates on savings and fixed deposits for individual and corporate customers by 0.05% - 0.25% to enhance customers' purchasing power and help them navigate economic challenges smoothly.

Regarding loan interest rates, to align with the increase in the policy interest rate, the bank has raised the lending rates by 0.20%, resulting in the interest rates for prime customers for term loans (MLR), overdraft loans (MOR), and retail customers (MRR) being adjusted to 7.02%, 7.34%, and 7.05% per annum, respectively.

This will take effect from June 6, 2023, onwards.

Kasikorn Bank continues to prioritize the care and support of retail customers and vulnerable groups by considering appropriate assistance measures for those who may be affected, taking into account their potential and opportunities for future adaptation. Affected customers can reach out through various channels of the bank.