BAAC raises deposit and loan interest rates in accordance with the policy direction in terms of interest rates – stock dimension |

Stock dimension – BAAC announced to raise deposit interest rates up to 100 percent. 0.50 per annum and interest rates on all types of loans are 0.01 – 0.25 per cent per annum according to the decision of the MPC on May 31, 2023, which raised the policy interest rate by 0.25 per cent per annum from 1.75 per cent to 2.00 per cent a year in order to be in line with the direction of interest rates in the market with effect from 6 June 2023 onwards

Mr Chatchai Sirilai, Manager of Bank of Agriculture and Agricultural Cooperative Company (BAAC) Mr. He revealed that according to the Monetary Policy Committee (MPC) the Committee has decided to raise the policy rate by 0.25 per cent per annum from the policy rate of 1.75 per cent per annum to 2.00 per cent per annum, effective from 31 May, 2023, and in order to comply. with the Bank of Thailand’s policy interest rate and the increase in the market interest rate, the BAAC thereforeDeposit interest rate increase, percentage 0.05 – 0.50 per year to promote savings and increase earnings in line with the Bank’s rate of return. state-owned commercial banks and specialized financial institutions (SFIs), while raising interest rates on all types of loans at 0.10 – 0.25 percent per annum, which include Interest rate for prime customers (MRR) from 6.875 per cent, increased by 0.10 per cent to 6.975 per cent per annum. Interest rates for institutional and corporate customersMLR) from 5.375 per cent, increased by 0.250 per cent to 5.625 per cent per annum, and the interest rate on types of overdraft (MOR) increased from 6.750 per cent, by 0.125 per cent to 6.875 per cent per annum, effective from June 6, 2023 forward

However, the BAAC has prepared measures to take care of and solve debt problems for farmers, customers affected by COVID-19, and support recovery during economic conditions that tend to improve, including debt restructuring measures Measures vocational rehabilitation Measures to pay for cut flowers and measures to pay the start of the installment adjustment Consultation on debt management inside and outside the system Encourage clients to manage their debts through a method that pays less, pays more, along with incentives by returning or reducing interest rates to those who pay their debts. Along with adding capital through loans with low interest rates to improve liquidity in spending and investments, such as community business loans for creating Housing Interest rate of 0.01 percent, SME loans to strengthen and dream of career loans 4% interest rate and Credit loans Green with interest rates of MLR/MRR, etc.

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