In order to help stimulate the Thai economy, Krung Thai Bank (KTB) and Bangkok Bank have decided to lower their minimum loan rate (MLR) for customers with good credit records.
KTB President Worapak Thanyawong (pictured) revealed the bank had dropped its MLR by 0.25 percent to 6.275 percent per annum. The move is expected help shoulder business expenses for its customers and spur investment.
Meanwhile, Bangkok Bank has also reduced its MLR by 0.25 percent to 6.25 percent per annum.
Deputy Managing Director of Bangkok Bank, Suwan Tansatit, also said the bank’s decision to lower its MLR was to help business operators affected by the economic slowdown.
The new MLR of the two banks took effect yesterday (Wednesday).
