Mr. Seiichiro Akita, the President and CEO of Krungsri Ayudhya Bank Public Company Limited, stated that in the current situation, the ongoing spread of the COVID-19 virus has widely affected all sectors.

To alleviate the impact on businesses and help them navigate through the COVID-19 crisis, the bank is ready to assist customers and respond to the government's monetary policy direction.

The bank has reduced the Minimum Loan Rate (MLR) by 0.12% to 6.23% per annum and the Maximum Overdraft Rate (MOR) by 0.25% to 6.70% per annum. These new interest rates will take effect from March 24, 2020, onwards.