Friday, July 9, 2010

#Flash* Maybank to raise deposit, BLR rates

KUALA LUMPUR: MALAYAN BANKING BHD [] will raise its deposit and base lending rates effective next Tuesday, July 13 after Bank Negara increased the overnight policy rate by 25 basis points to 3.75% on Thursday.

Maybank said on Friday, July 9 the deposit rates will be revised upwards by up to 25bps while its BLR will be increased by 25bps from 6.05% to 6.3%.

Maybank Islamic Bhd's base financing rate (BFR) will also be increased by 25bps to 6.3%.

The last revision was on May 18 when the BLR and BFR were increased from 5.8% to 6.05%.


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