KUALA LUMPUR: OCBC Bank (Malaysia) Bhd and its Islamic banking subsidiary OCBC Al-Amin Bank Bhd will be increasing its standardised base rate (SBR), base rate (BR) and base lending rate (BLR) / base financing rate (BFR) by 0.25 per cent effective Nov 9, 2022.
In a statement, OCBC bank said the move is in line with Bank Negara Malaysia’s recent 0.25 per cent Overnight Policy Rate (OPR) increase.
It said all loans and financing rates based on SBR, BR and BLR/BFR will correspondingly increase by the same rate.
"Similarly, all conventional fixed deposit and Islamic time deposit board rates will also increase by 0.25 per cent on the same day," it said.
With the above, OCBC Malaysia’s SBR increases from 2.50 per cent to 2.75 per cent, BR from 3.33 per cent to 3.58 per cent, and its BLR/BFR from 6.26 per cent to 6.51 per cent, it added. - Bernama
