Published: 2009/02/26
MAYBANK (1155) , the country's biggest lender, will reduce its base lending rate (BLR) from 5.95 per cent to 5.55 per cent effective March 2.The base financing rate (BFR) of its Islamic banking unit will similarly be revised downwards from 5.95 per cent to 5.55 per cent.
This follows the recent downward revision of Bank Negara Malaysia's Overnight Policy Rate.Maybank president and chief executive officer Datuk Seri Abdul Wahid Omar said the revision will enable all borrowers with loans pegged to the BLR to have lower instalments on their repayments.
"We are also constantly monitoring the needs of our customers and will ensure that they receive the necessary support and assistance during this period," Wahid said in a statementThe last revision in the BLR and BFR of Maybank and Maybank Islamic was made on February 3 when the rates were cut from 6.5 to 5.95 per cent.
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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