The four largest commercial lenders have cut their prime lending rates, with a focus on the minimum retail rate (MRR), in a range of 25-50 basis points. SCB also cut two other prime lending rates, the minimum lending rate (MLR) and the minimum overdraft rate (MOR), by 25 basis points. See also: Four banks cut lending ratesThe bank's new lending rates will entail an MLR of 6.025%, an MOR of 6.87% and an MRR of 7.37%, according to an SCB statement. KBank executive vice-president Surat Leelataviwat said the MRR cut would mainly benefit SMEs and mortgage borrowers because their borrowing costs are based on MRR. Meanwhile, Ausanee Lewrat, an analyst at Asia Plus Securities, said the MRR cut from the big four banks would not significantly impact their earnings this year.

Source: Bangkok Post May 15, 2017 21:56 UTC