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LOAN RATES

SCB's total rate cut rises to 30 bps



Siam Commercial Bank (SCB) on Friday announced a second 15-basis-point cut in its prime lending rate.

 

 On Thursday, it announced a 15 basis points cut. Today's decision will raise the combined cut to 30 basis points, which will be effective on Monday.

 Its lending rates will be slashed by 30 basis points from Monday and the bank's minimum lending rate (MLR) pushed down to the lowest in the industry, equal to Kasikornbank's 5.85 per cent.

 SCB's minimum overdraft rate (MOR) and minimum retail rate (MRR) will be trimmed to the same level as Kasikornbank's 6.15 per cent and 6.45 per cent, respectively.



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