Kasikorn Bank has announced a reduction in loan interest rates for MLR, MOR, and MRR by 0.25% per annum, effective August 15, 2025, to support the Thai economy, which is expected to slow down in the second half of the year amid increasing vulnerabilities in various sectors due to uncertainties in global trade, U.S. tax measures, a slowdown in tourism, and persistently low inflation rates.

Mr. Jongrak Rattanaphiarn, CEO of Kasikorn Bank, stated that this interest rate reduction aligns with the unanimous decision of the Monetary Policy Committee (MPC) during its meeting on August 13, 2025, to lower the policy interest rate by 0.25% to 1.50% per annum. This decision reflects the Thai economy's continued growth close to projections, yet it faces multiple challenges that may impact structural issues and the country's competitiveness. Furthermore, the implementation of a more accommodative monetary policy is expected to facilitate the adaptation of businesses and vulnerable groups, consistent with the bank's commitment to comprehensively support all customer segments, especially those affected by economic conditions, such as retail customers and small entrepreneurs who continue to face high financial costs amid slow income recovery.

The bank has adjusted the loan interest rates as follows:

  • Interest rate for prime corporate customers on term loans (MLR) reduced by 0.25% from 6.97% to 6.72% per annum
  • Interest rate for prime corporate customers on overdraft loans (MOR) reduced by 0.25% from 6.94% to 6.69% per annum
  • Interest rate for prime retail customers (MRR) reduced by 0.25% from 7.03% to 6.78% per annum

The bank is confident that this interest rate reduction will help lower financial costs, enhance liquidity, and increase the adaptability of businesses and households, leading to long-term economic stability. The bank is ready to play a crucial role in effectively transmitting interest rates into the economy, enabling its customers to have financial flexibility to support recovery and sustainable growth.