Bangkok: Bangkok Bank has announced a reduction in its lending interest rates by 0.25%, effective August 14, 2025, as a strategic move to stimulate economic growth.
According to Thai News Agency, Mr. Chairit Anuchitworawong, Senior Executive Vice President of Bangkok Bank Public Company Limited, stated that the bank has lowered its MLR (Minimum Loan Rate) and MRR (Minimum Overdraft Rate) by 0.25%. This adjustment means that the MLR for prime corporate clients with term loans will now be 6.50% per annum, while the MOR for prime corporate clients (Minimum Retail Rate) will be set at 6.75% per annum. Additionally, the MRR will stand at 6.65% per annum, all effective from August 14, 2025.
This rate reduction aligns with the Monetary Policy Committee's recent policy interest rate cut, which is designed to encourage investment and consumption while reducing financial costs. It also aims to alleviate the debt burden on businesses and individuals, addressing the challenges posed by US tax measures and a decline in tourist numbers due to intensified regional competition.