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.
The bank raised the minimum loan rate (MLR) by 0.2 percentage points from 6.25% per year to 6.45%, the minimum overdraft rate (MOR) by 0.15 percentage points from 6.75% to 6.9%, and the minimum retail rate (MRR) by 0.15 percentage points from 6.65% to 6.8%.
The bank also raised the savings deposit rate by 0.05 percentage points from 0.45% per year to 0.5%, and lifted the fixed deposit rates for three-month, six-month and 12-month products by 0.15%.
