KUALA LUMPUR: Maybank will be revising its deposit and base lending rates effective July 16, in line with the increase in the Overnight Policy Rate (OPR) by 25 basis points.

Maybank’s deposit rates will be revised upward by up to 15 basis points, with its base lending rate (BLR) increasing 25 basis points from 6.60 per cent per annum to 6.85 per cent per annum, Maybank said in a statement.

The base financing rate (BFR) of Maybank Islamic Bhd will similarly be revised upward by 25 basis points to 6.85 per cent.

The last revision in Maybank’s BLR and Maybank Islamic’s BFR was on May 11 2011 when it was revised from 6.30 per cent per annum to 6.60 per cent per annum.-- Bernama