Public Bank
Public Bank is a Malaysian bank based in Kuala Lumpur. It is currently one of the biggest banks in Southeast Asia, with over $91b in assets and $18b market capitalization.
It is the largest bank in Malaysia by shareholders' funds; second largest by market capitalization, just behind Maybank; and third largest by total assets, behind Maybank and CIMB.
The bank currently has a network of 259 branches and over 2000 self terminals in Malaysia alone.
Malaysia’s Public Bank raises lending rate by 0.25%
The new base rate will be 2.25%, and base lending rate at 5.72%
Public Bank is increasing its Base Rate (BR), Base Lending Rate (BLR) / Base Financing Rate (BFR) by 0.25%, effective 13 May.
The bank’s new BR will be at 2.52% from 2.27%, whilst the BLR/BFR will be at 5.72% from 5.47%.
The bank’s fixed deposit rates will also be increased by 0.25% across all tenures.
The move came following Bank Negara Malaysia’s Overnight Policy Rate (OPR) hike by 25 basis points from 1.75% to 2.00% on 11 May.
Malaysia’s Public Bank raises lending rate by 0.25%
The new base rate will be 2.25%, and base lending rate at 5.72%
Public Bank is increasing its Base Rate (BR), Base Lending Rate (BLR) / Base Financing Rate (BFR) by 0.25%, effective 13 May.
The bank’s new BR will be at 2.52% from 2.27%, whilst the BLR/BFR will be at 5.72% from 5.47%.
The bank’s fixed deposit rates will also be increased by 0.25% across all tenures.
The move came following Bank Negara Malaysia’s Overnight Policy Rate (OPR) hike by 25 basis points from 1.75% to 2.00% on 11 May.
Malaysia’s Public Bank offers 6-month moratorium to customers
This is in line with the Pemulih stimulus package announced by the government.
Public Bank reassures COVID-hit loan customers it will continue to offer support
The bank has assisted over 160,000 customers affected by the pandemic.
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