Maybank to increase lending, deposit rates effective Sept 12

KUALA LUMPUR: Malayan Banking Bhd (Maybank) will revise upwards its standardised base rate (SBR), base rate (BR) and base lending rate (BLR) by 25 basis points effective Sept 12, following the announcement on the overnight policy rate (OPR) increase.

Maybank, in a statement, said its SBR and BR would be increased from 2.25% per annum (p.a) to 2.50% p.a. while its BLR would be revised from 5.90% p.a to 6.15% p.a.