Siam Commercial Bank to issue bills of exchange to help boost the economy

BANGKOK, 3 June 2010 (NNT) —The Siam Commercial Bank (SCB) will issue a bill of exchange to help stimulate the economy.

According to Vice President of the retail banking group of Siam Commercial Bank (SCB) Yon Poksap, the draft’s tenure is four years with a 3% interest rate paid every three months. The money will be transferred to the customer’s savings account, Mr Yon said. The value of the draft starts at one million baht, and will be available for purchase from 5-18 June 2010 at SCB branches nationwide.

The bill of exchange will provide an opportunity for those who have missed a chance to buy the Strong Thailand Scheme bonds, Mr Yon said. He cited that the SCB draft is another investment option where the returns from interest rates are higher than savings and fixed deposit interest rates.