Mr. Kris Chantanotoke, the Chief Executive Officer of Siam Commercial Bank, stated, “Recognizing the ongoing need for additional support for vulnerable customers, the Thai Bankers Association (TBA) has taken the initiative to introduce further assistance measures. Given the incompleteness of the Thai economy's recovery, we have decided to lower the MRR by 0.25% for a duration of 6 months, specifically targeting vulnerable individuals and small SME clients to alleviate their interest burdens. This decision aligns with both the government's economic agenda and the Responsible Lending guidelines set forth by the Bank of Thailand, providing an opportunity for recovery and adaptation.”

          “Siam Commercial Bank remains steadfast in its commitment to alleviating the challenges faced by our customers and stands ready to support government initiatives. In line with this commitment, we are announcing a reduction in interest rates by 0.25% for loans tied to MRR and MLR floating interest rates, specifically aimed at vulnerable customers. These include: 

1. Personal customers: This includes home loans and My Home My Cash loans, with a credit limit not exceeding 2 million baht.
2. Small SME entrepreneur customers: This category includes business term loans with a combined credit limit not exceeding 2 million baht, considering both outstanding balances of term loans and revolving credit lines.