People seek consultations about how to settle their debts at an event in January. (Photo: Apichart Jinakul)
The country’s four largest banks expect a limited impact from the reduction in their loan interest rates based on the specific customer demographics and the limited time frame of the debt relief measures.
Bangkok Bank (BBL), Krungthai Bank (KTB), Kasikornbank (KBank) and Siam Commercial Bank (SCB) each announced decreases to their lending interest rates.
This move stems from the prime minister’s directive urging them to lower loan interest rates to alleviate the debt burden on vulnerable customers.
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