this rate hopefully to last at least 2 years…
Thursday February 26, 2009
Maybank to reduce BLR next month
KUALA LUMPUR: Malayan Banking Bhd (Maybank) will reduce its base lending rate (BLR) from 5.95% to 5.55% effective March 2. President and chief executive officer Datuk Seri Abdul Wahid Omar said the revision would enable all borrowers with loans pegged to the BLR to enjoy lower installments on their repayments.
The base financing rate (BFR) of Maybank Islamic Bhd will also be revised downwards from 5.95% to 5.55% effective the same date, Maybank said in a statement. Maybank and Maybank Islamic last revised their BLR and BFR respectively on February 3, when rates were reduced from 6.5% to 5.95%.