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.
“Similarly, the Islamic SBR and BR will be increased by 25 basis points from 2.75% p.a. to 3.00% p.a. respectively while the Islamic base financing rate will be increased from 6.40% p.a to 6.65% p.a,” Maybank said, adding that its fixed deposit rates will also be adjusted upwards effective May 8.
The last revision in Maybank’s BR was on Nov 7, 2022 when it was increased from 2.50% p.a. to 2.75% p.a. following an OPR increase by the same quantum.
