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SCNB retail rate rise follows deposit hike.
Byline: Darana Chudasri
Jun. 2--Standard Chartered Nakornthon Bank has raised its retail lending rate by one-quarter of a percentage point, mirroring an earlier increase in long-term deposit rates.
The bank last week increased its minimum retail rate (MRR) on loans to 6.95 percent from 6.7 percent. Earlier this month, it raised its two- and three-year fixed deposit rates by a full point to 2.8-3 percent, among the highest in the banking system and aimed at raising liquidity to fuel loan growth.
Annemarie Durbin, the SCNB chief executive officer, said both lending and deposit rates were expected to further increase later in the year due to ...
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