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SME D Bank, alongside SME Thai Bank, has announced the decision to maintain the interest rates to mitigate the impacts, ease financial burdens, and support the full potential of businesses.

Miss Narat Nari Ratpat, the Managing Director of Small and Medium Enterprise Development Bank of Thailand (SME D Bank), or commonly known as SME D Bank, spoke about the recent decision made by the Monetary Policy Committee (MPC) on August 2, 2566   The committee voted to raise the policy interest rate by 0.25%, from 2.00% to 2.25% per annum. Despite this decision leading to higher financial costs for the bank, SME D Bank, being a state financial institution, has a primary mission to aid, promote, and support SME entrepreneurs in Thailand. Thus, the bank has committed to maintaining the existing interest rates for as long as possible to help alleviate the impact and ease financial burdens.

By keeping the interest rates unchanged, SME D Bank aims to provide SME entrepreneurs with ample time to plan their business strategies under the current trend of increasing financial costs. As of August 3, 2566  , the Minimum Loan Rate (MLR) stands at 7.50% per annum, and the Minimum Retail Rate (MRR) for good retail customers is at 8.05% per annum.

It is important to note that SME D Bank, as a bank dedicated to supporting SMEs, understands the situations and challenges faced by SME entrepreneurs in Thailand very well. The decision to maintain the interest rates will help alleviate financial burdens and reduce worries for entrepreneurs, allowing them to continue their business endeavors. Concurrently, the bank has prepared loan products with a maximum loan limit of 50 million baht, low and fixed interest rates, and repayment periods of up to 15 years, with a maximum grace period of 24 months for principal repayment. These products are designed to provide flexibility for SME entrepreneurs.

Additionally, the bank offers short-term deposit products for legal entities with durations ranging from 2 to 11 months, providing attractive returns of up to 2.10% per annum, offering financial management alternatives. In conjunction with supporting “development,” SME D Bank also participates in the “SME D Coach” project, providing comprehensive business consulting services to enhance business capabilities and adaptability to overcome various situations effectively.

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