Krung Thai Bank Standing to take care of all groups of customers. Accelerating adaptation to cope with economic challenges Gradual increase in interest rates on loans following the policy’s interest rate rise direction by raising the interest on retail loans by 0.10% per year, and the interest on large loans by 0.15%-0.20% per year. Ready to raise deposit interest to a maximum of 0.25% per annum to promote savings to create financial stability, effective February 1.
31 January 2023 – Mr. Payong Srivanich, President of Krung Thai Bank revealed that in accordance with the decision of the Monetary Policy Committee (MPC) to raise the policy interest rate by 0.25% and has gradually raised the policy rate continuously. That is in line with the trend of economic recovery and inflation in that country. So banks need to raise interest rates. to reflect the direction of interest rates in the country and rising financial costs in the system with careful consideration and paying attention to looking after depositors and vulnerable groups whose income has not yet returned to normal have a high debt load and are sensitive to the burden of costs progressive living It has a gradual policy to adjust interest rates appropriately. to give customers time to adjust AND support the growth of the economy with stability.
The bank announced an increase of 0.05% -0.25% per annum in the interest rate in order to promote savings. Create long-term financial stability Let depositors get more income in a situation where the cost of living is rising. and adjusting the interest rate for prime large customers (MLR) by 0.20% p.a. to 6.35% p.a., adjusting the interest rate for prime large customers Overdraft type (MOR) increased by 0.15% p.a. to 6.87% p.a. the retail loan interest rate (MRR) increased by 0.10% p.a. to 6.87% p.a., effective from February 1, 2023.
The Bank is committed to helping all groups of customers. especially those whose income is inconsistent with higher living costs to have the least impact Willing to support the continued acceleration of adaptation. supporting economic transition around challenging factors increasing competitiveness for strong and sustainable growth through group-specific support measures So that customers can get help on the spot and in a timely manner. and special support measures to resolve debt sustainably For individual and business customers affected by the economic crisis through a variety of financial instruments both reduce interest rates Reduce installments for debt payments in Step Up mode, delaying principal payments and interest payments only. Extending the repayment period, changing the type of debt Loan with a specific period (Term Loan) to restructure debt is a Revolving Loan. and increase liquidity, etc., by considering each customer according to the criteria set by the Bank. The bank will offer guidelines for debt restructuring. appropriate to the ability to repay the debt and the client’s risk
