Saturday, January 24, 2009

Maybank cuts BLR 0.55%

After BNM cuts OPR 0.75%, Maybank today announced to cut the BLR 0.55% to 5.95%. What about other banks?

KUALA LUMPUR: Malayan Banking Bhd is reducing its base lending rate (BLR) by 55 basis points (bps) from 6.5% to 5.95%, effective from Feb 3 after Bank Negara reduced the floor rate for fixed deposits and cut borrowing costs.

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