Krungsri (Bank of Ayudhya PCL) announces the reduction in its lending rates by up to 0.25% per annum in alignment with the recent policy rate cut that occurred on 16 October 2024. These rates will take effect on 1 November 2024.
Mr. Kenichi Yamato, Krungsri President and Chief Executive Officer, revealed that Krungsri is dedicated to supporting the government's efforts to alleviate the financial burden by reducing lending rates, aimed at increasing liquidity and easing the interest cost burden for all groups of customers.
Krungsri cuts MLR, MOR, and MRR lending rates, resulting in new lending rates as follows:
- Minimum Loan Rate (MLR) is reduced from 7.280% to 7.155%.
- Minimum Overdraft Rate (MOR) is reduced from 7.575% to 7.325%.
- Minimum Retail Rate (MRR) is reduced from 7.400% to 7.275%.
The reduction in lending rates is another measure in addition to the ongoing support initiatives the Bank has implemented, reflecting its commitment to assist all customer segments. These new lending rates will take effect on 1 November 2024.
For more information, visit our official website www.krungsri.com or contact Krungsri Call Center 1572.