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Bbl & Kbank To Cut Lending & Deposit Rates

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BBL & KBANK to cut lending & deposit rates

BANGKOK:-- Bangkok Bank and Kasikorn Bank announced Friday they will cut deposit and lending rates by 50 basis points and 25 basis points respectively, effective next Monday.

This is in response to the Bank of Thailand’s reduction of its one-day repurchase rate by 50 basis points to 3.50 percent on Wednesday of this week. Other banks are expected to follow the two major banks’ rates cut soon.

-- The Nation 2007-05-25

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