SCB forecasted business prospect, raising fix-deposit rates effective August 1st
Siam Commercial Bank, PCL. (SCB) announced a new round of increases in its 3-6-12 month fixed deposit rates by 0.25 – 0.50% p.a. and lending rates by 0.25% p.a. Khunying Jada Wattanasiritham, SCB President revealed that although the economic growth is at slow pace, the political situation and risk factors are resolved.
In addition the first-half financial performance is quite satisfied as SCB became the third largest bank by assst sizes. The bank could pursue business loans continuously. Therefore, SCB incrased its 3-6-12 month fixed deposit rates by 0.25 – 0.50% p.a. to raise the deposit for covering business expansion. In this round, the increase is 0.25 – 0.50% p.a. for 3-month, 6-month, 12-month, Meanwhile, all lending rates will be up by 0.25% p.a. All increases are effective 1 August 2006 onward. Fixed deposits New deposit rates Loan rates New lending rates 3-month 3.50%-4.75% p.a. MLR 7.75% p.a. 6-month 3.75%-4.75% p.a. MOR 8.00% p.a. 12 month 4.00%-5.00% p.a. MRR 8.25% p.a. For more information please contact all SCB branches or SCB Call Center (02) 777-7777