, Malaysia
Photo by Jungwoo Hong via Unsplash.

Public Bank raises interest rates by 0.25%

Its standardised base rate will now be 3%, whilst base lending rate is 6.72%.

Public Bank has raised its standardised base rate (SBR), base rate (BR), and base lending rate (BLR) or base financing rate (BFR) by 0.25%, effective 8 May.

This is in line with the Bank Negara Malaysia raising its policy rate by 25 basis points, from 2.75% to 3%, on 3 May.

The SBR will now be 3%, whilst the BR is 3.52% from 3.27% previously.

ALSO READ: Public Bank offers repayment relief to Malaysia flood victims

Public Bank’s BLR/BFR is now 6.72%, from 6.47% previously.

Fixed deposit rates will also be adjusted upwards, effective on 8 May.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


Regulatory caps on neobanks’ operations could stifle growth, expert warns
Despite questions arising from the recent rise of deposit caps in neobanks, incumbent banks are left unfazed.
Tempered adoption of AI tools may spell greater leap for fintech firms
Expert underscores generative AI’s strength in streamlining front-of-office work, but banks on human expertise for in-depth development.
Advisory takes centre stage in Danamon's next-Generation Branches
Danamon’s next-generation branches reshape banking by performing more advisory functions and improving customer experiences.