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Kbank cut lending rate by 0.15%

Kasikornbank announced on Friday lending rate reduction by 0.15 per cent, while it cut deposit rates across the board by 0.25 per cent, effective today.



The bank said after the reduction, its minimum lending rate (MLR) stands at 6.85 per cent, while its minimum overdraft rate (MOR) stands at 7.10 per cent. The bank's minimum retail rate stands at 7.35 per cent.

After the cut, Kbank's three- and six-month deposit rates will be 2.0 per cent and 2.25 per cent, respectively. The bank's 12-month deposit raet will be 2.25 per cent. The bank's 24-, 36-, and Thaveesap 24-month deposit rate is still unchanged at 2.5 per cent. - The Nation


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