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30 September 2022
KBank raises fixed deposit interest rate by up to 0.5 percent
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 Mr. Krit Jitjang
| Mr. Krit Jitjang, KBank President, recently said, “KBank has responded to the Bank of Thailand’s policy rate hikes, with the aim of maintaining the country’s price and economic stability over the long term. However, to ensure that the Thai economy can post a steady recovery and to bolster the purchasing power of retail customers and small business operators amid elevated inflation, KBank has raised its fixed deposit interest rate by up to 0.10-0.50 percent.” For loans, to ensure that retail customers are least affected by interest rate hikes, KBank will raise lending rates gradually. The lending rate for corporate customers was raised by 0.25 percent, effective October 3, 2022. The interest rate of term loans for corporate customers in good standing (Minimum Loan Rate) has been raised by 0.25 percent to 5.72 percent, from the previous 5.47 percent. Interest rate of overdraft facilities for corporate customers in good standing (Minimum Overdraft Rate) has been raised by 0.25 percent to 6.09 percent, from the previous 5.84 percent.
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