<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on May 9, 2019</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: Malayan Banking Bhd (Maybank) is reducing its base lending rate (BLR) and base rate (BR) by 20 basis points (bps) effective today in line with the cut in Bank Negara Malaysia (BNM)’s overnight policy rate (OPR) to 3% on Tuesday.</p></div>

<div class=newsTextDataWrapInner><p>In a statement yesterday, the banking group said its BR would drop 20 bps to 3.05% per annum from 3.25%, while its BLR would be revised to 6.7% per annum from 6.9%.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Maybank’s Islamic BR and BLR will also be reduced by 20 bps to 3.05% per annum (from 3.25%) and 6.7 per annum (from 6.9%) respectively.</p></div>

<div class=newsTextDataWrapInner><p>Its fixed deposit rates would also be adjusted 20 bps downwards from today.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;Maybank group’s president and chief executive officer Datuk Abdul Farid Alias said the bank’s BR and BLR were the lowest among Malaysian commercial banks.</p></div>


KUALA LUMPUR: Malayan Banking Bhd (Maybank) is reducing its base lending rate (BLR) and base rate (BR) by 20 basis points (bps) effective today in line with the cut in Bank Negara Malaysia (BNM)’s overnight policy rate (OPR) to 3% on Tuesday.

In a statement yesterday, the banking group ...

Maybank lowers base rate, base lending rate after OPR cut

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<p>RHB Retail Research said NationGate Holdings Bhd is observing a technical breakout after climbing above the RM1.70 immediate resistance on surging trading volume.</p>


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<p>The Malaysian Anti-Corruption Commission (MACC) has confirmed that former prime minister Tun Dr Mahathir Mohamad is among individuals under investigation by the commission.</p>
