Interest rate hike to benefit Maybank, HLB, Public Bank

KUALA LUMPUR: CIMB Equities Research expects Maybank, Public Bank and Hong Leong Bank to benefit from the 25 basis points hike in the overnight policy rate (OPR) which was increased to 3.25%.

It said on Friday the higher OPR, announced by Bank Negara Malaysia’s monetary policy committee the previous day, would lift their net profits by 1% to 2%.