Bangkok Bank lowers MOR and MRR by 0.25% to reduce financial costs for SMEs and increase their competitiveness
August 14, 2019
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 the Thai economy.
Bangkok Bank Director and Senior Executive Vice President Suvarn Thansathit said the bank’s reduction of 0.25% in its MOR (Minimum Overdraft Rate) and MRR (Minimum Retail Rate) would be effective 15 August 2019.
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.