Public Bank, RHB Bank and HLB revise rates

Public Bank and its Public Islamic Bank would also reduce its base rate and base lending rate by 0.25% effective March 6. The bank said it was timely to ease the borrowers’ burden and spur Malaysia’s economic growth amid the ongoing economic challenges from the Covid-19 outbreak.

KUALA LUMPUR: Following Malayan Banking Bhd’s (Maybank) footsteps, three other major banks have also revised their base rate and base lending rate downwards by 25 basis points, in line with the reduction in the overnight policy rate by Bank Negara.

They are Public Bank, RHB Bank and Hong Leong Bank.