KBank raises deposit interest rates up to 0.40%
Determined to assist retail customers, KBank raises deposit interest rates up to 0.40 percent, with MRR increase of only 0.13 percent
Mr. Krit Jitjang, President, KASIKORNBANK said, “The Monetary Policy Committee (MPC) raised its policy rate by 25 basis points to 1.25 percent, for the third rate increase of 2022, to maintain long-term Thai economic stability. KBank is ready to follow suit, while also helping to relieve the burdens of retail and small business customers who remain beset by numerous challenges. Given our prudent stance in the increase of lending interest rates, KBank’s minimum lending rate (MLR) and minimum overdraft rate (MOR) will be hiked by 0.25 percent, while minimum retail rate (MRR) will be raised by only 0.13 percent. Additionally, KBank has raised its fixed deposit interest rates by 0.10-0.40 percent to bolster purchasing power and stable savings for customers amid rising expense burdens.”
Interest rate of term loans for corporate customers in good standing (Minimum Lending Rate) has been raised by 0.25 percent to 5.97 percent, from the previous 5.72 percent.
Interest rate of overdraft facilities for corporate customers in good standing (Minimum Overdraft Rate) has been raised by 0.25 percent to 6.34 percent, from the previous 6.09 percent. Interest rate for retail customers in good standing (Minimum Retail Rate) has been raised by 0.13 percent to 6.10 percent, from the previous 5.97 percent
