Public Bank interest rate
Public Bank raises lending rate, fixed deposit rate by 0.25%
Public Bank raises lending rate, fixed deposit rate by 0.25%
This follows after the local regulator raised its policy rate by 25 basis points.
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.
Thought Leadership Centre
Most Read
1. Singapore launches electronic deferred payments to ease cheque phase-out 2. India’s Federal Bank rolls out biometric card payments for e-commerce 3. Mizuho to acquire majority of Upsider’s shares for $309.8m 4. HSBC Singapore unveils health and wellness centre at The Star Vista 5. Airwallex gains capital markets services license in SingaporeResource Center
Read Here
Advertise
Sign Up
Event News
Asian Banking & Finance Corporate & Investment Banking Awards 2025 Winner: Ng Wee Lee of HL Bank
Ng Wee Lee, Chief Executive of HL Bank Singapore, states that the bank’s role is to ensure banking serves as a strategic enabler for businesses.
Commentary
What is best practice when setting up an in-house bank?
How technology and regulation are reshaping the lending landscape
Protecting against the mobile Trojan horse in your pocket
Beyond the code: How mobile banking is weaving a new financial narrative in Asia