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GSB' announces interest rate cut, following MPC resolution, reducing MLR/MOR loan interest rate by 0.25%, responding to government policy to help business sector, and fixing deposit interest rate for maximum benefit of savers.
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Mr. Vitai Ratanakorn, President of the rcs data myanmar Government Savings Bank, revealed that according to the resolution of the Monetary Policy Committee ( MPC ) to reduce the interest rate by 0.25% per year in order to make the financial situation consistent with the economic trend and help stimulate the growth of the business sector, the Government Savings Bank has announced a reduction in the MLR and MOR lending interest rates by 0.25% per year in accordance with the MPC resolution.
The minimum lending rate for large loan customers ( MLR ) has been reduced to 6.65% and the minimum lending rate for overdraft customers ( MOR ) has been reduced to 6.495% per year.
Effective from 5 March – 31 August 2025 or until further notice. The minimum lending rate for retail customers (MRR) remains the same at 6.595% per year.
Since the Government Savings Bank has previously reduced interest rates, it is currently the lowest MRR rate compared to the MRR rates of 6 large commercial banks, which average 7.25% per year.
The bank will continue to maintain its deposit interest rates to promote savings in line with its mission as a social bank.
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發表於 17:49:38