SCB to Cut Lending Rates by Up to 0.25% p.a. Effective December 23, 2025

Siam Commercial Bank (SCB) has announced a cut in loan interest rates by up to 0.25% per annum, effective December 23, 2025. This move aligns with the Monetary Policy Committee’s decision to ease financial conditions and aims to alleviate financial burdens for individual customers and businesses amid a slowing Thai economy and rising risks. Deposit interest rates will also be cut by 0.05%–0.10% per annum, while savings deposit rates for individual customers will remain unchanged to support depositors during this low-interest environment.

Mr. Kris Chantanotoke, Chief Executive Officer of SCB, stated that vulnerable borrowers remain under high debt pressure, while the Thai economy faces growing risks from both domestic and external factors, including U.S. trade measures, political uncertainty, and pressure on business adaptation—particularly among SMEs. The interest rate cut will help ease debt repayment burdens, improve liquidity, and enhance the effectiveness of government financial measures aimed at reducing household vulnerability and supporting SMEs in adjusting to current conditions.

To align with monetary policy direction and Thailand’s economic outlook, SCB will cut its lending rates by 0.10% - 0.25% per annum as follows:

• Minimum Loan Rate (MLR): from 6.500% to 6.400% per annum
• Minimum Overdraft Rate (MOR): from 6.675% to 6.425% per annum
• Minimum Retail Rate (MRR): from 6.775% to 6.675% per annum

Deposit rates will be cut by 0.05%–0.10% per annum, except for individual savings accounts, which remain unchanged to assist depositors during this low-interest environment.

SCB remains committed to supporting customers with this rate cut and other ongoing assistance measures. For further consultation, customers may contact SCB Call Center at 02-777-7777.