InfoQuest News Agency (26 Apr ’24)
The Government Housing Bank (GH Bank) responds to government policy. Announcing a reduction in the MRR loan interest rate of 0.25% per annum, effective from 1 May 2024 onwards.
Ready to help increase income from savings for the people by creating a savings deposit product “Savings” with an interest rate as high as 1.95% per annum Deposit accounts open from 7 May – 30 December 2024.
Mr revealed Kamonpop Veerapala, Managing Director of GH Bank, that the Association of State Financial Institutions There was a joint decision for member financial institutions to reduce interest rates. according to government policy To help retail customers and vulnerable customers, with GH Bank reducing loan interest rates For main retail customers (MRR) decreased by 0.25% per annum from the original 6.795% per annum to 6.545% per annum for a period of 6 months, effective from 1 May 2024, to help reduce the spending burden for more than 1.8 million customers, including low income and vulnerable customers Have enough money left to live . and have a better quality of life
In addition, GH Bank is ready to support savings in the public sector. Have more financial discipline. By adding savings options that receive high returns. Therefore, we have created a savings product “Saving Savings”. year (the conditions are as specified by the bank). Interest is exempt from personal income tax. The bank will pay interest on deposits twice a year (29 June and 29 December).
Mr. Rak Worakijpokathorn, Managing Director The Export-Import Bank of Thailand (EXIM BANK) revealed that EXIM BANK has announced a reduction of 0.25% per annum in the Prime Rate interest rate from 6.60% to 6.35% per annum (the loan interest rate that EXIM BANK used for general customers and customers Small and medium-sized businesses are equivalent to the interest rate for loans to main retail customers or MRR from commercial banks). Provide support to vulnerable entrepreneurs and small and medium-sized businesses, effective from 30 April 2024 onwards.
This reduction in the Prime Rate interest rate is an additional interest rate reduction from the interest rate reduction of 0.15% per annum on April 18, 2024 as a gift to entrepreneurs during the recent Songkran festival. Combined with the interest rate reduction this time, EXIM BANK has reduced the interest rate by 0.40% per annum to help reduce the burden on entrepreneurs. Especially vulnerable groups and SMEs, this is in line with EXIM BANK’s mission to support Thai entrepreneurs to obtain liquidity in their business operations. Alleviating debts and business costs and being able to adapt to compete sustainably on the world stage in an environment where the Thai economy is growing more slowly. Meanwhile, interest rates in the financial market remain high.
By Ratchada Kongkhunthian
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