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KUALA LUMPUR – OCBC Bank (Malaysia) Bhd and its Islamic banking subsidiary OCBC Al-Amin Bank Bhd will be increasing their standardised base rate (SBR), base rate (BR) and base lending rate (BLR)/base financing rate (BFR) by 0.25%, effective Wednesday (September 14).
This is in line with Bank Negara Malaysia’s recent 0.25% overnight policy rate hike, OCBC Malaysia said in a statement today
“All loans and financing rates based on SBR, BR and BLR/BFR will correspondingly increase by the same rate,” it said.
OCBC Malaysia said the SBR will increase to 2.50% from 2.25%, the BR will rise to 3.33% from 3.08% and the BLR/BFR will be higher at 6.26% from 6.01% previously.
Similarly, all conventional fixed deposit and Islamic time deposit board rates will also increase by 0.25% on the same day. – Bernama, September 12, 2022