Mr. Jongrak Rattanaphiarn, CEO of Kasikorn Bank, revealed that following the Monetary Policy Committee's decision to lower the policy interest rate by 0.25% from 2.25% to 2.00% per annum, the bank is ready to respond to this measure by reducing loan interest rates for all customer groups by up to 0.25%. This underscores the bank's commitment to support and assist customers in alleviating their debt burden, reducing financial costs, and increasing access to credit for both businesses and households.

Additionally, this interest rate reduction reflects the bank's dedication to supporting the country's economic recovery, which continues to face challenges and is not fully expanding due to structural issues, heightened competition, and uncertain trade policies. It also serves as a tool to enhance the purchasing power of the public and increase liquidity for businesses, particularly small enterprises, to support sustainable economic growth.

The reduction in loan interest rates will take effect from March 4, 2025, with the following details:

• The interest rate for prime corporate customers on overdraft loans (MOR) is reduced by 0.25% from 7.34% to 7.09% per annum.
• The interest rate for prime corporate customers on term loans (MLR) is reduced from 7.15% to 7.05% per annum, and the interest rate for prime retail customers (MRR) is reduced from 7.18% to 7.08% per annum.

Kasikorn Bank remains ready to assist customers affected by various situations as appropriate, enabling them to manage their debt effectively. Affected customers can reach out through all available channels of the bank.