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SCB hikes key interest rates.
Dec. 3--Siam Commercial Bank yesterday raised its loan and deposit interest rates by 0.25 to 0.75 percentage points.
The bank announced that it would increase its key lending benchmarks by 0.25 percent for all loans, effective from Tuesday. The increase will raise minimum lending rates to 6.5 percent, minimum overdraft rates to 6.75 percent and minimum retail rates to 7 percent.
Interest rates on fixed deposit accounts will also be increased as of Tuesday by 0.25 to 0.75 percentage points.
Under the new structure, rates on fixed deposits for three, six and 12 months will vary from 2 percent to 3.25 percent, based on the amount of the deposit. ...
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