Bangkok--Apr 21--KTB Bangkok -- Krung Thai Bank Pcl. is reducing its interest rates on all types of deposits with effect on 24 January 2000. Despite the rate cuts, KTB remains the only Thai bank that is offering the most attractive deposit rates. "The Bank is cutting deposit rates by 0.25% per annum,” discloses Ms. Wattana Manaviboon, Senior Vice President for KTB’s Corporate Communications.. “Interest on savings account will be down from 3.0% per annum to 2.75% per annum. As for fixed-term deposits including 3-month and 6-month deposits, interest rates will fall from 3.75% per annum to 3.50% per annum while that on 12-month deposit will be reduced from 4.25% per annum to 4.00% per annum. The rates on 24-month savings promotion deposit will be cut from 5.25% per annum to 5.00% per annum. Interest rates on long-term fixed deposits of 24 months and 36 months will be reduced from 5.00% and 5.50% per annum to 4.75% and 5.25% per annum respectively,” she says. However, interests earned on the bank’s long-term fixed accounts of 24 and 36 months currently paid to customers via direct interest transfer to savings accounts on a quarterly basis, still average out to 4.835% and 5.345% per annum respectively. Ms.Wattana Manaviboon concludes that despite the latest rate cuts, Krung Thai Bank continues to be offering higher-than-average interest rates compared to other banks. End.-AN-