Bangkok: Krungsri Bank has announced a 0.25% annual interest rate cut, effective August 18, 2025.
According to Thai News Agency, this decision aligns with the Monetary Policy Committee's (MPC) recent policy rate cut. The move aims to support Thai economic growth, reduce financial costs, and ease burdens on business and retail customers.
Mr. Kenichi Yamato, President and CEO of Bank of Ayudhya Public Company Limited, stated that Krungsri is reducing its lending interest rate by 0.25% per annum for all customer groups. This adjustment follows the Bank of Thailand's monetary policy direction. The MPC recently lowered the policy interest rate by 0.25% per annum to foster a financial environment that supports business adjustments, reduces financing costs, and alleviates customer debt burdens. The rate cut also aims to bolster Thai economic growth, which faces challenges from US tariffs and a decline in tourist numbers.
Krungsri has revised its loan interest rates as follows: The interest rate for prime corporate customers with term loans (Minimum Loan Rate or MLR) is reduced from 7.000% to 6.750%. The rate for prime corporate customers on overdrafts (Minimum Overdraft Rate or MOR) is lowered from 6.975% to 6.725%. For prime retail customers (Minimum Retail Rate or MRR), the rate is decreased from 7.120% to 6.870%. These new rates will take effect from August 18, 2025, reflecting Krungsri's ongoing commitment to supporting customers through various situations.