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EXIM Cuts Interest 6.60%

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EXIM Cuts
Interest 6.60%

EXIM Thailand Cuts Prime Rate to 6.60% Per Annum as Thai New Year Gift to Alleviate Business Burdens in Line with Government Policy.

Dr. Rak Vorrakitpokatorn, President of Export-Import Bank of Thailand (EXIM Thailand), has disclosed that the Bank will cut its Prime Rate by 0.15% per annum, dropping from 6.75% to 6.60% per annum. This adjustment will benefit both general clients and SMEs,aligning with the interest rates offered to prime SME customers or the Minimum Retail Rate (MRR) of commercial banks, which remains the lowest MRR in the banking system.

The interest rate cut is presented as a Thai New Year’s gift to Thai entrepreneurs during the Songkran festival, effective from April 18, 2024, onwards.

The Prime Rate cut aligns with the government’s efforts to alleviate the burdens faced by Thai entrepreneurs, particularly SMEs.

It reflects EXIM Thailand’s commitment to providing support to Thai entrepreneurs by increasing liquidity, reducing debt, and lowering business costs, all while promoting sustainable competitiveness in the global market.

This initiative is set against the backdrop of slow growth in the Thai economy and enduringly high interest rates in financial markets.

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KTC TOUCH Aim
the Biz Cafe Concept

“KTC” or Krungthai Card Public Company Limited, strategically expands its presence into key areas of high potential in eastern Bangkok, unveiling the new-look KTC TOUCH at The Mall Life Store Bangkapi branch under the concept of Biz Cafe. The launch was celebrated by Mr. Wiwat Charoensawatpong, Vice President of Property Management, alongside the management team of The Mall Group Company Limited.

Ms. Chanidapa Suriya, Head of Customer Service and Business Support Business Unit, “KTC” or Krungthai Card Public Company Limited, revealed, “KTC is committed to advancing its services to ensure the most convenience for KTC credit cardmembers. While transactions via the KTC Mobile application remain a priority, we also recognize the significance of our member service center, 'KTC TOUCH.' We understand that some members prefer personalized advice or find it more convenient to interact directly with our staff. Presently, we operate 12 'KTC TOUCH' service center branches in Bangkok and its vicinity. We are actively planning to enhance and expand each branch to cater even more effectively to the diverse lifestyle requirements of our members in this digital era.”

The revamped "KTC TOUCH" is carefully crafted under the innovative Biz Caf? concept, accentuating a contemporary design that captivates and is visible from every angle. The service center is thoughtfully arranged to offer a comprehensive range of services, all from a single point. These services cover credit card applications, loans, bill payments, and personalized advice from knowledgeable staff. The "KTC TOUCH" member service center is located at The Mall Life Store Bangkapi, 2nd floor, Bank & Non-Bank zone, every day from 11:00 a.m. to 7:30 p.m.

For more information, please contact KTC PHONE 02 123 5000, or get updates on other KTC promotions at https://www.ktc.co.th. To apply for any KTC credit card, click the link: https://ktc.today/apply-card or visit any “KTC TOUCH” branches nationwide. It is advisable for credit cardholders to use their cards responsibly and repay the full amount as scheduled to avoid incurring an annual interest rate of 16%. “KTC PROUD” Cash Card members should borrow as much as they need and can afford to repay.

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[THAI]

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