Krungsri raises deposit and lending rates, continuing to support customers and economic recovery

9 December 2022

Bangkok (9 December 2022) – Krungsri (Bank of Ayudhya PCL and its business units) announces the increase in the fixed deposit rate by 0.15%-0.50% and the lending rate by 0.125%-0.25% per annum. These rates will take effect on 13 December 2022.

Krungsri President and Chief Executive Officer, Mr. Seiichiro Akita, said “After we have recently raised the Bank’s 14-month fixed deposit rate by 0.25% per annum since 6 December 2022, we decided to increase our other fixed deposit rates this round at a range of 0.15%-0.50% per annum to continue to encourage saving habits and increase returns to our customers. We also carefully and cautiously decided to raise our lending rate by 0.125%-0.25%, which includes our first increase in the lending rate for retail customers since the Bank of Thailand raised the monetary policy rate for the third time in 2022. This movement is in line with the gradual interest rate increase policy to support sustainable economic recovery. We will closely monitor economic signals and continue measures to support all groups of customers.”

The Bank adjusts deposit and lending rates as follows;

• The fixed deposit interest rate is increased by 0.15%-0.50%.
• The lending rates
  • Minimum Loan Rate (MLR) is increased by 0.25% to 6.08%
  • Minimum Overdraft Rate (MOR) is increased by 0.125% to 6.325%
  • Minimum Retail Rate (MRR) is increased by 0.20% to 6.25%

These rates will take effect on 13 December 2022.

For more information, visit our official website www.krungsri.com or contact Krungsri Call Center 1572