Krungsri cuts MLR, MOR and MRR lending rates in effort to help customers get through COVID-19 crisis

9 April 2020

Bangkok (9 April 2020) -- Krungsri President and Chief Executive Officer Mr. Seiichiro Akita revealed that Krungsri stands ready to assist its customers affected by the Coronavirus disease 2019 (COVID-19) outbreak. In line with the government’s policies, the Bank announced a lending rate cut to help reduce customers’ funding costs, following previous lending rate reduction on 24 March 2020.

Krungsri cuts MLR, MOR and MRR lending rates by 0.40%, resulting in new lending rates as follows:

• Minimum Loan Rate (MLR) is reduced from 6.23% to 5.83%.
• Minimum Overdraft Rate (MOR) is reduced from 6.70% to 6.30%.
• Minimum Retail Rate (MRR) is reduced from 6.70% to 6.30%.

The lending rate reduction is offered as part of the Bank’s continual aiding efforts through COVID-19 assistance measures, reflecting Krungsri’s ongoing commitment to support customers to get through these challenging times of COVID-19 crisis together.

The new lending rates will take effect on 10 April 2020.