Bangkok-Government Savings Bank leads a team of 4 banks to reduce MRR interest rates for 6 months to help debtors, accepting the Prime Minister’s request.

According to the government by Mr. Settha Thavisin, Prime Minister and Ministers Minister of Finance There is a policy to help alleviate the debt burden of retail customers. and vulnerable groups By asking for cooperation from financial institutions both in the government sector and the private sector in considering interest reductions

Most recently, the Association of Government Financial Institutions revealed that at the association’s board meeting on April 25, 2024, the meeting jointly resolved to reduce interest rates by 0.25% to help retail customers and vulnerable groups in accordance with government policy. by Government Savings Bank Government Housing Bank Small and Medium Enterprise Development Bank of Thailand Export-Import Bank of Thailand Small Industry Credit Guarantee Corporation Islamic Bank of Thailand Including the Bank for Agriculture and Agricultural Cooperatives, which has previously suspended debt payments to farmers. Together, they reduced the reference interest rate for all groups of retail customers by 0.25% for a period of 6 months, including the retail customer loan interest rate (MRR – Minimum Retail Rate), the announced interest rate (Prime Rate), and the reference profit rate for retail customers. Prime (SPRR – Standard Profit Rate for Prime Retail Customer)

The Export-Import Bank of Thailand (EXIM BANK) revealed that EXIM BANK announced a reduction in the Prime Rate interest rate by 0.25% per year from 6.60% to 6.35% per year (the loan interest rate that EXIM BANK uses for general customers and customers SMEs interest rate equivalent Loans for prime retail customers or MRR of commercial banks) for a period of 6 months are counted as the loan interest rate. The lowest quality retail customer in the system. Effective from 30 April 2024 onwards.

This reduction in the Prime Rate interest rate is in addition to the interest rate reduction of 0.15% per year on April 18, 2024.

Government Housing Bank (GH Bank) reduces loan interest rates. For prime retail customers (MRR) 0.25% per year from 6.795% per year to 6.545% per year for a period of 6 months, effective from 1 May 2024 onwards.

Ready to help increase income from savings for the people by creating a savings deposit product “Savings” with an interest rate as high as 1.95% per year. Deposit accounts open from 7 May – 30 December 2024.

Government Savings Bank announces reduction of MRR interest rate by 0.25% to 6.595% for a period of 6 months to help all groups of retail customers. It is considered the lowest MRR interest rate compared to large commercial banks. It will be effective from May 1, 2024. This is the second MRR interest reduction of 2024. Total MRR interest has already decreased by 0.40%.

The Small and Medium Enterprise Development Bank of Thailand (SME) or SME D Bank announced a reduction in loan interest rates. For prime retail customers (MRR) 0.25% per year from the original 8.05% per year reduced to 7.80% per year for a period of 6 months, effective from 1 May 2024 onwards, to help reduce the burden on entrepreneurs. action Especially vulnerable groups

The Bank for Agriculture and Agricultural Cooperatives (BAAC) announced a reduction in MRR loan interest rates by 0.25 percent for a period of 6 months for farmers, vulnerable customers and SMEs experiencing production problems. causing the ability to repay debts to decrease Including NPLs debtors who are undergoing debt restructuring. There are more than 1.2 million customers who will benefit from this in order to reduce the cost burden. and supporting the recovery of customers during a time when the economic recovery is not yet complete and inclusive. Effective from 1 May – 31 Oct. 2024.

For the movements of commercial banks today Recently, Bangkok Bank responded to the government’s measures, announcing a reduction of MRR by 0.25% for a period of 6 months, becoming the first bank. It will be effective on April 29, 2024.