* Kasikorn to cut two additional rates by 25 bps
* Follows cuts to another rate by nation’s top four lenders
* Rate cuts aimed at helping debt-laden small businesses
(Recasts headline)
By Khettiya Jittapong and Manunphattr Dhanananphorn
BANGKOK, April 22 Two of Thailand’s biggest
banks said they plan to cut more lending rates, seeking to head
off further loan defaults from small businesses and retail
customers hit hard by the country’s flagging economy.
The plans come on top of cuts to minimum lending rates by
the nation’s top four lenders this month, which had been a
surprise move as it had not been preceded by any rate cuts from
Thailand’s central bank and because the cuts will dent profits.
Kasikornb…
Read the full article at: http://www.reuters.com/article/thailand-banks-rates-idUSL3N17P1PB