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.
