Maybank raises base rate by 25bps effective May 8

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 May 8, in line with the overnight policy rate increase.

“Maybank’s SBR and BR will be increased from 2.75% p.a. to 3.00% per annum (p.a) while its BLR will be revised from 6.40% p.a to 6.65% p.a.