Kasikornbank : KBank helps retail customers by increasing fixed deposits up to 0.50% and no interest hike on loans for retail customers

September 30, 2022

KBank helps retail clients by increasing fixed deposits up to 0.50% and interest-free

increase in loans for retail customers

Mr. Krit Jitjang, Chairman of KBank, revealed that KBank responded to the BOT policy rate increase that will maintain price stability and the Thai economy in the long run. However, to continue Thailand’s economic recovery, increase purchasing power and help retail customers and SMEs amid high inflation, KBank will increase interest rates on fixed deposits by between 0.10% and 0.50%, as of October 3, 2022.

To minimize the impact on retail customers, KBank will phase out interest rates by gradually increasing the interest rate on loans to large businesses only by 0.25%, effective October 3, 2022 as follows.

The Minimum Loan Rate (MLR) will increase by 0.25% from 5.47% to 5.72%.

The Minimum Overdraft Rate (MOR) will increase by 0.25% from 5.84% to 6.09%.

For more information, contact

Investor Relations Unit

Office of the Corporate Secretary

Corporate Secretariat Division


phone 0-2470-6900 to 1, 0-2470-2660 to 1

Email: [email protected]

DISCLAIMER: This document is intended to provide material information related to the investment or product under discussion and for reference only during the discussion, presentation or seminar.. It does not represent or constitute an advice, offer, contract, recommendation or solicitation and should not be considered as such.. In preparation of this document, KASIKORNBANK PUBLIC COMPANY LIMITED (“KBank”) has made a number of crucial assumptions and has relied on financial and other information available from public sources and therefore KBank assumes no responsibility and makes no representations as to the accuracy and/or the integrity of the information described herein. Before making its own independent decision to invest or to carry out a transaction, the recipient of the information (“Bowl”) will review information related to KBank’s service or products, including economic and market conditions and other factors related to the transaction, as posted on KBank’s website at URL www.kasikornbankgroup.com and on other websites, including to review all other information, documents prepared by other institutions, and to consult financial, legal, or tax advisors each time. The Recipient understands and acknowledges that the investment or execution of the transaction may be a illiquid transaction and that KBank shall not be liable for any loss or damage suffered by the Recipient arising from such investment or execution of the transaction..

The Recipient also acknowledges and understands that the information provided by KBank does not represent the expected performance or consideration that the Recipient will receive arising from the execution of the transaction.. In addition, the Recipient should be aware that the transaction may be very risky as the markets are unpredictable and there may be inadequate regulations and safeguards available to the Recipient..

KBank reserves the right to modify, either in whole or in part, the information provided in this document at any time it deems appropriate and the Recipient acknowledges and agrees to such modification.. When there is any query, the Recipient may seek further information from KBank or, in case of making a complaint, the Recipient may contact KBank at IR@kasikornbank.com or +(662) 470 6900 to 01, +(662) 470 2673 to 74

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like