Showing 1 - 10 of 15
Banks slash lending rates after Bank of Thailand cut
Business, Somruedi Banchongduang, Published on 23/10/2024
» Large local banks have announced reductions across the board for their prime lending interest rates following the Bank of Thailand's policy rate cut, aiming to ease the financial burden for borrowers.
Banks announce increases in loan, deposit rates
Business, Somruedi Banchongduang, Published on 03/10/2023
» Banks have announced they will increase both loan and deposit rates in response to the Bank of Thailand's (BoT) monetary policy direction, following the decision by the central bank last week to raise its policy rate by a quarter of a percentage point.
BBL follows BoT, raises lending, savings rates
Business, Somruedi Banchongduang, Published on 28/01/2023
» Bangkok Bank (BBL), the country's largest lender by total assets, announced yesterday a new round of hikes for both lending and savings rates, effective yesterday, in line with the Bank of Thailand's policy rate increase on Wednesday.
Local banks forecast to move this week
Business, Somruedi Banchongduang, Published on 08/12/2022
» Local banks are expected to raise interest rates this week following the Bank of Thailand's recent policy rate hike, while borrowers could face a normalisation of loan rates for next year.
Central bank tackling rise in unsecured loans
Business, Somruedi Banchongduang, Published on 04/10/2022
» The Bank of Thailand plans to ask both banks and non-banks to cease encouraging unnecessary borrowing of unsecured loans early next year as it wants to see the ratio of household debt to be at a level not exceeding 80% of GDP.
Banks bump up interest
Business, Somruedi Banchongduang, Published on 01/10/2022
» Banks began to raise interest rates in response to the Bank of Thailand's policy rate hike to 1% on Wednesday.
Banks pledge to maintain prime lending interest rate
Business, Somruedi Banchongduang, Published on 16/08/2022
» Local banks have announced they are maintaining the prime lending interest rate to support fragile customers amid a rising interest rate trend.
Gnawing away at mounting debt
Business, Somruedi Banchongduang, Published on 07/09/2020
» Many borrowers are still faced with heavy debt burdens amid the coronavirus outbreak, with most having been pressured by diminishing income and lower debt-servicing ability.
Four banks trim prime lending rates
Business, Somruedi Banchongduang, Published on 22/05/2020
» Four commercial banks -- Kasikornbank (KBank), Siam Commercial Bank (SCB), Krungthai Bank (KTB) and Bank of Ayudhya (BAY) -- followed in the footsteps of Bangkok Bank (BBL), passing on some or more than the central bank's 25-basis-point rate cut for their prime lending rates.
Big banks cut rates by 40 basis points
Somruedi Banchongduang, Published on 09/04/2020
» The country’s six largest commercial banks have passed on cost savings after the Bank of The country’s six largest commercial banks have passed on cost savings after the Bank of Thailand lowered their required contribution to the Financial Institutions Development Fund (FIDF), trimming prime lending rates by 40 basis points to blunt the coronavirus impact on debtors.