The state-owned Krung Thai Bank has announced a cut of MOR and MRR loan interest rates by 0.255 percent to 7.12 and 7.62 percent respectively effective as of April 27.
The bank said that the interest rate reduction was intended to stimulate domestic economic recovery and to help the small and medium-sized enterprises (SMEs) as well as retail customers of the bank.
Earlier on April 6, the bank announced 0.25 percent cut of MLR interest rate to 6.275 percent.