Mr. Pridi Daochai, Managing Director of Kasikorn Bank announced that Kasikorn Bank is ready to support government mechanisms to assist all customer groups of the bank by immediately reducing the MLR, MOR, and MRR loan interest rates by 0.40%. This follows a previous reduction on March 24, 2020, bringing the MLR rate down to 5.60%, while MOR and MRR 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 assist and alleviate the interest burden for its customers during this period, reflecting the bank's commitment to support and help its customers navigate through this crisis.

            It is important to note that this interest rate adjustment applies only to loan rates; there has been no reduction in deposit interest rates. This change will take effect from April 10, 2020, onwards.

 

Source: Kasikorn Bank