KTB cuts all rates
Krung Thai Bank plans to cut all of its lending and fixed-deposit rates by 25-50 basis points, effective this Friday, being the first Thai bank to announce rate cuts after the Bank of Thailand lowered its one-day repurchase rate 50 basis points last week.
Its minimum lending rate will be cut 50 basis points along with all fixed deposit rates. Other lending rates will be chopped 25 basis points.Currently, KTB's MLR is 7.5 per cent, the minimum overdraft rate is 7.75 per cent, and the minimum retail rate is 8 per cent. Its three-month, six-month and 12-month deposit rates are 3.25-3.5 per cent, depending on the amount of the deposit.
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