Bangkok--29 May--TMB Bank
TMB Bank Pcl, today announced a lending rate cut for minimum overdraft rate and minimum retail rate of a quarter of one percentage point effective from 29 May 2009.
TMB Bank Chief Executive Officer Mr. Boontuck Wungcharoen said the bank has lowered its minimum overdraft rate and minimum retail rate by 0.25%, bringing its minimum overdraft rate to 6.50% and minimum retail rate to 6.75%.
“The reduction in lending rate is aimed at helping businesses, especially SMEs to lower their borrowing costs. TMB had lowered its minimum loan rate to 6.25% in late March this year and is among the first commercial banks in Thailand to lower minimum loan rate in response to the Bank of Thailand’s policy to help stimulate the economy. Our minimum loan rate is currently stay competitive when compared with other commercial banks with similar size,” said Mr. Boontuck.