Wed, June 3, 2009 : Last updated 23:21 hours
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INTEREST RATES
BBL raises deposit rates
Bangkok Bank becomes the first bank to raise deposit rates, with the announcement to raise its 12-month fixed deposit rate by 25 basis points to 1 per cent for the deposit amounts below Bt3 million.
The increase took effect retroactively on June 1. Last week, the bank lowered lending rates, with effect on the same date.
Bodin Unakul, executive vice president, said the deposit rate increase will encourage long-term savings.
Other deposit rates with the range of 0.75-1.50 per cent per annum, remain unchanged.
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