Bangkok Bank cuts MRR and MOR to help businesses lower costs and increase competitiveness

Stocks and Financial Services Press Releases Friday February 7, 2020 09:17
Bangkok--7 Feb--Bangkok Bank

Bangkok Bank announced cuts of 0.25% in its MRR (Minimum Retail Rate) and 0.125% in its MOR (Minimum Overdraft Rate) of loan interest rates, effective 7 February 2020, to help businesses lower their financial costs, increase their competitiveness, and support the Thai economy.

Bangkok Bank Director and Senior Executive Vice President Suvarn Thansathit said the bank's reduction of 0.25% in its MRR (Minimum Retail Rate) and 0.125% in its MOR
(Minimum Overdraft Rate) would be effective 7 February 2020.
The rate reductions aim to help business operators, especially SMEs, to lower their interest rate costs which contribute to business operation costs.
"Bangkok Bank is committed to assist business operators to improve their business efficiency and competitiveness, which will help drive the economy in line with government policies", Mr. Suvarn concluded.

Latest Press Release

China Development Bank Financial Leasing's Proposed Tier-2 Bonds Assigned 'BBB+' Rating

HONG KONG Sept. 18, 2020--S&P Global Ratings today assigned its 'BBB+' long-term issue rating to the Tier-2 dated capital bonds that China Development Bank Financial Leasing Co. Ltd. (CDBFL: A/Stable/A-1) proposes to issue. The bonds have a tenor of...

KBank offers special promotion for Xpress Cash cardholders to purchase iPhone SE at zero-percent interest for up to 36 months

KBank is offering a special promotion specifically for holders of Xpress Cash. Under the “Swipe, Press, Pay by Installments in One Card” campaign, customers can make installment payments for iPhone SE at zero percent interest for up to 36...

“KTC P BERM” advances to gain market share for vehicle title loans, pinpoints perseverant individuals of all occupations

KTC officially launches its new loans business, “KTC P BERM,” a result of a startup by new-gen people. The Firm proudly presents inclusive services, including “car title loans” and “motorcycle title loans“ as options...

Krungsri JPC/MNC to fortify its strategic position as the first call business partner in Japanese corporate market

a member of Mitsubishi UFJ Financial Group (MUFG), Japan’s largest financial group, and one of the world’s largest financial groups, reaffirms its leadership in the Japanese corporate market and aims to be the most preferred bank for...

TFEX Gold Online Futures to list addition quarterly contract month starting September 29, 2020

Thailand Futures Exchange PCL (TFEX) announced that from September 29 onward, Gold Online Futures contract specification will be adjusted by listing two nearest quarterly contract months (currently only 1 nearest quarterly contact month is listed)....

Related Topics