Kbank To Cut Fixed Deposit, Loans Rates

[george]

KBANK to cut fixed deposit, loans rates - Tue

BANGKOK: -- Kasikornbank Plc (KBANK) said Monday it will lower its lending rates by 25 basis points and fixed deposit rates by 25-50 basis points, effective this Tuesday.

Following the rates cut, the minimum lending rate, will be 7.25%, the minimum overdraft rate 7.50% and the minimum retail rate 7.75%.

Its fixed deposit rates for three-, six- and 12-month accounts will be cut to a range of 2.75%-3.00%, depending on the deposit size. Its 24- and 36-month fixed deposit accounts will carry a flat rate of 3.00% after the cut, the statement said.

-- The Nation 2007-04-23