Bangkok, Krung Thai Bank Respond to government measures Accelerate relief for vulnerable groups affected by an economy that has not fully recovered. Issue additional measures By reducing the MRR, MLR, and MOR loan interest rates by 0.25% for 6 months, effective from 16 May - 15 Nov. 2024, for more than 300,000 vulnerable customers, with a total credit limit of more than 200 billion. baht to have a chance to adapt and recover Mr. Phayong Sriwanich, President Krung Thai Bank revealed that Krung Thai Bank is ready to support the government policy in helping vulnerable groups. Following the guidelines of the Thai Bankers Association to reduce interest burden for vulnerable customers. both individual customers and small SME entrepreneurs, and solutions such as sustainable debt and responsible and fair lending (Responsible Lending) of the Bank of Thailand. The bank therefore has additional assistance measures. By announcing a reduction in MRR, MLR, and MOR loan interest rates by 0.25% per year for 6 months, effec tive from 16 May - 15 November 2024, for 3 groups of vulnerable customers: 1. Small personal loan customers who are still in Bank assistance measures Both home loans and personal loans 2. Home loan customers with a credit line not exceeding 2 million baht and 3. Customers who are small SME entrepreneurs with a monthly business income not exceeding 2 million baht and a credit line not exceeding 10 million baht. From such measures The bank has been able to help reduce the financial burden on more than 300,000 customers, with a total credit limit of more than 200 billion baht. The bank will automatically reduce loan interest rates for all 3 groups of vulnerable customers who have credit balances with the bank as of now. March 31, 2024 without customers having to register. or contact the bank in any way 'The bank sees the suffering of all vulnerable customer groups. Therefore, additional assistance measures have been released this time. from before The bank has issued other measures such as the "Sustainable Civ il Service Debt Consolidation Loan" measure. This new measure Covers customer groups that are still unable to recover from the economic situation. To have a chance to recover and adapt, which is in the same direction as driving the government economy. that has both short-term measures to support the transition and economic restructuring measures in the medium and long term. To raise the level of competitiveness and create sufficient and sustainable income'-Mr. Phayong said . Source: Thai News Agency