In order to implement the Bank Lending Reference Rate introduced by the Reserve Bank of Malawi, MyBucks Banking Corporation would like to notify its customers and the general public of a change in the adjustment of lending rates.

Accordingly, the applicable base lending rate has been revised from 13.90% to 13.40% effective 3rd September. Further adjustments will be made at the beginning of each month reflecting changes in money market interest rates. The risk premiums charged above the base rate have not changed.

Deposit rates have also remained the same.