KUALA LUMPUR, May 3 — Maybank will revise upwards its standardised base rate (SBR), base rate (BR), and base lending rate (BLR) by 25 basis points effective May 8, 2023, following the announcement today on the overnight policy rate (OPR) increase.
Maybank’s SBR and BR will be increased from 2.75 per cent per annum (p.a.) to 3.00 per cent p.a. while its BLR will be revised from 6.40 per cent p.a. to 6.65 per cent p.a., it said in a statement.
“Similarly, the Islamic SBR and BR will be increased by 25 basis points from 2.75 per cent p.a. to 3.00 per cent p.a. respectively while the Islamic base financing rate will be increased from 6.40 per cent p.a. to 6.65 per cent p.a.,” it said.
In line with the revision, Maybank and Maybank Islamic’s fixed deposit rates will also be adjusted upwards effective May 8.
The last revision in Maybank’s base rate was on November 7, 2022, when it was increased from 2.50 per cent p.a. to 2.75 per cent p.a. following an OPR increase by the same quantum.
— Bernama
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