Four large banks have trimmed their lending interest rates by 25-50 basis points to help small businesses in line with the government's policy, effective on Tuesday. Bangkok Bank on Monday cut its minimum overdraft rate (MOR) by 25 basis points to 7.125% and its minimum retail rate (MRR) by 50 points to 7.125%, said senior executive vice- president Suvarn Thansathit. The state bank will lend up to 40 million baht to this group, to be repaid over seven years. As well, Siam Commercial Bank cut all lending rates by 25 basis points. Kasikornbank cut its MRR, the most used by SMEs, by 50 basis points.

Source: Bangkok Post May 15, 2017 11:37 UTC