Corp News

Maybank revises Base Lending Rate

08 March 2010

1 min read

Maybank today announced a revision to its Base Lending Rate (BLR) from 5.55% p.a. currently to 5.80% p.a. effective 9 March 2010.


The Base Financing Rate (BFR) of Maybank Islamic Berhad will similarly be revised from 5.55% currently to 5.80% effective the same date.


Maybank President and CEO Dato' Sri Abdul Wahid Omar said the interest rate revision was based on the recent adjustment in the Overnight Policy Rate.


"We expect to see better growth from our core business segments, leveraging on the improving economic environment and as more customers take advantage of the diversity of our product and service offerings." he added.


The last change in BLR and BFR of Maybank and Maybank Islamic respectively was on 2 March 2009 when the rates were revised from 5.95% to 5.55%.