Maybank raises base rate to 2.75% following OPR revision

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 Nov 7.

“Maybank’s SBR and BR will be increased from 2.50% p.a. to 2.75% p.a. while its BLR will be revised from 6.15% p.a to 6.40% per annum (p.a.)

“Similarly, the Islamic SBR and BR will be increased by 25 basis points from 2.50% p.a. to 2.75% p.a. respectively while the Islamic base financing rate will be increased from 6.15% p.a to 6.40% p.a,” the bank said in a statement.

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In line with the revision, Maybank and Maybank Islamic’s fixed deposit rates will also be adjusted upwards effective Nov 7.

The last revision in Maybank’s BR was on Sept 12 when it was increased from 2.25% p.a. to 2.50% p.a. following an OPR increase by the same quantum.