Major Banks Detail Rate Reductions
Following the Monetary Policy Committee’s (MPC) rate cut on 30 April 2025, several prominent Thai commercial banks have announced specific reductions to their lending rates:
Kasikornbank (KBANK): Reduced its MLR (Minimum Lending Rate) by 0.08% to 6.97%, MOR (Minimum Overdraft Rate) by 0.15% to 6.94%, and MRR (Minimum Retail Rate) by 0.05% to 7.03%. Deposit rates were also trimmed by 0.05%-0.20%.
Krungthai Bank (KTB): Cut its MOR by 0.15% to 6.87%, MLR by 0.075% to 6.75%, and MRR by 0.05% to 7.295%. Deposit rates were also reduced by 0.075%-0.20%, effective 15 May 2025.
TMBThanachart (TTB): Announced reductions of up to 0.15%, with MOR down by 0.15%, MLR by 0.10%, and MRR by 0.05%. Notably, tTB also increased its tTB No Fixed savings account interest rate by up to 0.40% to encourage deposits, effective 1 June 2025.
Siam Commercial Bank (SCB): Reduced its MLR to 6.75%, MOR to 6.925%, and MRR to 7.025%.
Bangkok Bank (BBL): Lowered its MLR to 6.75%, MOR to 7.00%, and MRR to 6.90%.