Thai Bankers Association Reduce MRR retail interest by 0.25% for 6 months to help debtors

Thai Bankers Association Announcement of interest rate reduction for prime retail customers by 0.25% for vulnerable customers. Both individual and SME customers for 6 months

According to the representative bankThai Bankers Association Had the opportunity to meetPrime Minister To exchange views on the current economic situationHousehold debt Including additional care and assistance to alleviate the suffering ofVulnerable groupthat

Mr. Phayong Sriwanich, President of the Thai Bankers’ Association, revealed that on April 24, 2024, the Thai Bankers’ Association Board of Directors’ meeting realized and saw the need to issue additional assistance measures. For vulnerable customers while the economy has not yet fully recovered and not thorough By reducing the prime retail customer interest rate (MRR) by 0.25% for vulnerable customers. Both individual and SME customers for 6 months to reduce interest burden. and have a chance to recover and adapt

This is in the same direction as driving the government economy. that includes both short-term measures to support the transition and measuresRestructuring the economyin the medium and long term In line with sustainable debt resolution measures. and lending responsibly and fairly (Responsible Lending) of the Bank of Thailand

Member banks will expedite consideration of implementing the aforementioned principles. and prepare the work system To answer the needs of vulnerable customers of each bank in the appropriate context as quickly as possible.

However, as part of the large industrial sector in the financial and capital markets Thai Bankers Association and member banks Give importance to customer care and is aware of participation in social responsibility and wider stakeholders (Corporate Responsibility)

which helps customers, citizens, and small entrepreneurs It still requires cooperation from other sectors in the economy. Including long-term measures to restructure the economy. To lead to competitive ability and creating sufficient and sustainable income