Bangkok Bank PCL : lowers MOR by 0.25% and MRR by 0.50% to reduce financial costs for SMEs and increase their competitiveness

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15 May 2017 Bangkok Bank lowers Minimum Overdraft Rate by 0.25% and Minimum Retail Rate by 0.50% to reduce financial costs for SMEs and increase their competitiveness

Bangkok Bank announced cuts of 0.250% and 0.500% in its MOR (Minimum Overdraft Rate) and MRR (Minimum Retail Rate) to 7.125% for both types of loan interest rates, effective 16 May 2017, to help lower the financial costs of SMEs, increase their competitiveness, and support the Thai economy.

Bangkok Bank Senior Executive Vice President Suvarn Thansathit said the bank's reduction of 0.250% to 7.125% in its MOR (Minimum Overdraft Rate) and 0.500% to 7.125% in its MRR (Minimum Retail Rate) would be effective 16 May 2017.

The rate reductions aim to help business operators, especially SMEs, to lower their interest rate costs which contribute to business operation costs.

"Bangkok Bank is committed to assist business operators to improve their business efficiency and competitiveness, which will help drive the economy in line with government policies", Mr. Suvarn concluded.

ธนาคารกรงุ เทพ จ ากด (มหาชน)

333 ถนนสลม กรงเทพฯ 10500 โทรศัพท์ [phone]-50 โทรสาร [phone]www.bangkokbank.com

Bangkok Bank Public Company Limited

333 Silom Road Bangkok 10500 Thailand Tel. [phone] Fax. [phone]www.bangkokbank.com