Wednesday February 26, 2020 05:16


Bangkok Bank cuts MRR and MOR to help businesses lower costs and increase competitiveness Stcoks—07 Feb 20

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

EXIM Thailand Launches New Year Schemes to Help SMEs Reduce Cost and Debt and Access Financial Facilities for Export Business Improvement to Cope with Global Economic Volatility in 2020 Stcoks—19 Dec 19

Mr. Pisit Serewiwattana, President of Export-Import Bank of Thailand (EXIM Thailand), revealed that, the 2019 global economic and trade expansion at 10-year low rates of 3.0% and 1.1% respectively and the prevailing low inflation and interest rates have

TMB raises extra interest rates on fixed deposits by up to 1.85%, fostering Get More with Stcoks—27 Sep 19

TMB raises extra interest rates for its important customers while emphasizing its "Get More with TMB" slogan. Customers opening new 6-month and 12-month term deposit accounts with a deposit of 500,000 baht or more per transaction, and/or existing

Bangkok Bank lowers MOR and MRR by 0.25% to reduce financial costs for SMEs and increase their Stcoks—14 Aug 19

Bangkok Bank announced cuts of 0.25% in its MOR (Minimum Overdraft Rate) and MRR (Minimum Retail Rate) for both types of loan interest rates, effective 15 August 2019, to help lower the financial costs of SMEs, increase their competitiveness, and support

KBank opens the exhibition booth at Money Expo Bangkok To offer special promotions under KBank Stcoks—16 May 19

KBank will make its presence felt at Money Expo Bangkok from May 16-19, 2019 by offering special promotions, discounts, bonuses, giveaways and privileges for homebuyers looking for mortgage loans, together with the best interest rates and conditions for

Photo Release: KBank and AP unveil home loan campaign with special interest rates for two Stcoks—18 Oct 18

Mr. Charat Siriphongvuttikorn (right), KBank First Senior Vice President, and Mr. Pamorn Prasertsan, Chief Business Group: Low Rise Product of AP (Thailand) Public Co., Ltd., recently launched the "Happy 2 in 1" campaign for K-Home Loan customers. Under

Fitch Ratings: Thailand Resilient to Rising Global Risks Stcoks—02 Oct 18

Thailand's economy and banks should be able to weather heightening global risks from rising US interest rates, although escalating trade wars could pressure global growth next year, according to sovereign and banking analysts at Fitch Ratings' annual

Photo Release: KLeasing launches For All Your Auto-Finance Needs campaign for KBank Payroll Stcoks—29 Aug 18

Mr. Kittichai Darnvachirakul, KLeasing Deputy Managing Director, recently unveiled the "KLeasing: For All Your Auto-Finance Needs" campaign, which offers a number of privileges for KBank Payroll customers. These include special interest rate starting at

AEON celebrates Chinese New Year with special gold loans and free travel Stcoks—06 Feb 18

AEON Thana Sinsap (Thailand) Public Company Limited celebrates with a special Chinese New Year promotion get gold loans with low interest rates 12 months. And installment gold up to THB 20,000 with all AEON partner stores nationwide will get free 20-inch

Thailand a Homebuyers Market with Low Interest Rates, Gradual Price Properties—21 Nov 17

The Thai property market remains buoyant as the economy continues its slow recovery, with increasing supplies providing greater opportunities for new homebuyers, the inaugural DDproperty Property Index revealed today. DDproperty, Thailand's No.1 online

Bangkok Bank lowers Minimum Overdraft Rate by 0.25% and Minimum Retail Rate by 0.50% to reduce Stcoks—15 May 17

Bangkok Bank announced cuts of 0.250% and 0.500% in its MOR (Minimum Overdraft Rate) and MRR (Minimum Retail Rate) to 7.125% for both types of loan interest rates, effective 16 May 2017, to help lower the financial costs of SMEs, increase their

Photo Release: EXIM Thailand Extends Low Interest Rate Innovation Financing to Support KV Stcoks—19 Jan 17

EXIM Thailand, under the cooperation with NSTDA, provides 7 million baht financing with low interest rates to KV Electronics Co., Ltd. for its manufacturing system evolution under the Ministry of Industry's robotics automation super-cluster plan. Mrs.

Earnings of Japanese banks hindered by negative rates, stronger yen Stcoks—14 Nov 16

Profits at Japan's top banks were hurt by negative interest rates and a stronger yen in the fiscal first half, highlighting challenges in the banking industry. Japan's biggest lender, Mitsubishi UFJ Financial Group Inc. or MUFG, reported net income of

Caribbean Leaders and IMF Discuss Challenges and Opportunities of Shifting Global Economic Stcoks—03 Nov 16

- Low but stable oil prices, subdued recovery in advanced economies, and low interest rates levels influencing the region's economic outlook - Impact of Cuba's further opening up in the tourism industry likely to be manageable over the long run -

IMF Executive Board Modifies PRGT Interest Rate Mechanism and Approves Zero Rates on All Low-Income Stcoks—07 Oct 16

On October 3, 2016, the Executive Board of the International Monetary Fund (IMF) approved a modification of the mechanism governing interest rate setting of PRGT facilities and set the interest rates to zero on all Fund concessional loans under the PRGT

IMF Managing Director Christine Lagarde Welcomes the Extension of Zero Interest Rates on all IMF Stcoks—04 Oct 16

IMF interest rates on concessional lending will continue to be set at zero for as long as and whenever global interest rates are lowMs. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), welcomed the decision taken today by

Commerzbank to cut 9,600 jobs and suspend dividend Stcoks—29 Sep 16

Commerzbank, the second-biggest bank in Germany, has suspended its dividend and revealed more than 9,000 job losses as it tries to shore up its business in the face of ultra-low interest rates and sagging client activity. The bank said its decision to

Bank of Japan sets long-term rate target in major policy overhaul Stcoks—21 Sep 16

Japan's central bank kept rates steady at its meeting Wednesday, but issued a plethora of fresh changes to its policy approach, marking its latest attempt to boost prices and goose economic growth. Among the changes, the Bank of Japan (BOJ) said it would

Bank of Japan#s Kuroda says room for more easing, including new ideas Stcoks—05 Sep 16

Bank of Japan Governor Haruhiko Kuroda signalled his readiness to ease monetary policy further using existing or new tools, shrugging off growing market concerns that the bank is reaching its limits after an already massive stimulus programme. He also

Chinas central bank pledges to maintain flow of cash in banking system to keep interest rates Stcoks—26 Aug 16

China's central bank will keep sufficient liquidity in the banking system so interest rates can be kept low and banks have cheap money to lend, Yi Gang, a deputy governor at the People's Bank of China said on Friday. His comments came hours before a

President Kenyatta signs Kenya#s banking amendment act 2015 into law Stcoks—24 Aug 16

What the banking sector was fearing for has finally come to pass. President Uhuru Kenyatta has today assented the banking amendment act 2015 to favour MPs and banking customers. The President says banks need to do more to reduce the cost of credit and

BOJ#s Kuroda says won#t rule out deepening negative rate cut - Sankei Stcoks—19 Aug 16

The Bank of Japan will not rule out deepening a cut to negative rates it introduced in February, the Sankei newspaper quoted Governor Haruhiko Kuroda as saying, even as the controversial policy has failed to spur inflation or economic growth. In an

ECB minutes flag Brexit and banking sector concerns Stcoks—18 Aug 16

Frankfurt -- European Central Bank policy makers warned at their July meeting that Britain's vote to leave the European Union created fresh headwinds for the eurozone and could affect the world economy, suggesting they may be ready to launch fresh

Barclays, US states in $100m Libor fraud settlement Stcoks—09 Aug 16

British financial giant Barclays Bank PLC on Monday reached a $100 million settlement with 44 US states and the District of Columbia over interest rate manipulation in the financial crisis era. The settlement, announced by New York Attorney General Eric

FSB publishes progress report on implementation of recommendations to reform major interest rate Stcoks—19 Jul 16

The Financial Stability Board (FSB) has published the Reforming Major Interest Rate Benchmarks which provides a progress report on implementation of its July 2014 recommendations to reform major interest rate benchmarks. The report finds that, since the

KTC launches Super Save 70% campaign for new members acquisition , rewarding up to 70% discount Stcoks—18 Apr 16

Miss Sirikalya Suthanyaphruet, Vice President - Personal Loans Business "KTC" or Krungthai Card Public Company Limited, launched a big campaign, namely "Super Save 70%," rewarding all new members of up to 70% discount interest rates in the first two