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]
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