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

KASIKORNBANK PCL

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

Email: [email protected]

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