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.

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