Reporters reported that After a representative bank of the Thai Bankers Association Had the opportunity to meet the Prime Minister. To exchange views on the current economic situation Household debt situation Including additional care and support to alleviate the suffering of vulnerable groups on April 23, 2024, leading to the announcement of interest reductions by Mr Phayong Sriwanit, President of the Bankers Association of Thailand, on April 25, 2024, indicating the need to issue additional relief measures for vulnerable customers. Meanwhile, the economy has not fully recovered and it is not thorough. By reducing interest rates for prime retail customers (MRR) by 0.25% for vulnerable customers. Individual customers and small and medium businesses for 6 months
Most recently, on April 26, 2024, Bangkok Bank Public Company Limited has piloted an announcement to reduce the interest rate for main retail customers (MRR) by 0.25% per annum, effective from April 29, 2024, for 6 months per first commercial bank to announce an interest rate reduction in accordance with the decision of the Bankers Association of Thailand.
Mr. Withai Rattanakorn, Director of the Government Savings Bank As chairman of the State Financial Institutions Association, he revealed that the association’s board meeting There was a joint decision to lower the interest rate by 0.25% to help retail customers and groups. Vulnerable according to government policy By collectively reducing the reference interest rate for each group of retail customers by 0.25%, which is the loan interest rate. retail customers (MRR-Minimum Retail Rate), published interest rate (Brief Rate) and reference profit rates for prime retail customers (SPRR-Standard Rate of Return for Prime Retail Customer) effective from 1 May 2024 for a period of 6 months.
While Mr Chulaphan Amornvivat, the Deputy Minister of Finance, as chairman of the board of the Bank for Agriculture and Agricultural Cooperative Enterprises (BAAC), said that the BAAC has reduced interest rates in line with the Prime Minister’s policy. By reducing the MRR loan interest rate by 0.25% for a period of 6 months for farmers, vulnerable customers and SMEs experiencing production problems. causing the ability to repay debts to decrease Including NPL debtors who are subject to debt restructuring. There are more than 1.2 million customer accounts that will benefit, effective from 1 May – 31 October 2024. “In the past, the BAAC has announced ongoing measures, such as measures to suspend debt payments for small farmers over 300,000 baht .
The Government Savings Bank announced a reduction in MRR interest by 0.25%, making the interest rate at 6.595%, the lowest compared to major commercial banks. And this is the second interest reduction from 2024. Total MRR interest reduced by 0.40%. Customers do not need to contact the bank.
Meanwhile, the Small and Medium Enterprise Development Bank of Thailand (SME) or D SME Bank announced a reduction of 0.25% per annum in the MRR interest rate for a period of 6 months, effective from 1 May 2024 onwards, as Same as Government Housing Bank or GH Bank, reducing the MRR interest rate by 0.25% per annum for customers with variable interest rates to help reduce the cost burden for more than 1.8 million customers, including customers in low income groups. and vulnerable groups
The Export-Import Bank of Thailand (EXIM Bank) announced a 0.25% p.a. reduction in the Prime Rate interest rate from 6.60% to 6.35% p.a., making it the lowest interest rate for retail prime customers in the world 6 months, effective from 30 April 2024 onwards, as well as the Small Industry Credit Guarantee Corporation or TCG has reduced the interest rate by 0.25% in accordance with government policy. Helping small and medium-sized businesses and vulnerable groups In force from 1 May 2024.
#Bangkok #Bank #trials #interest #rate #cuts #State #Bank #Association #voted #join #march #effective
