OCBC Malaysia, Bank Muamalat to increase base rates by 0.25%

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KUALA LUMPUR: OCBC Bank (Malaysia) Bhd and its Islamic banking unit OCBC Al-Amin Bank Bhd will increase their standardised base rate (SBR), base rate (BR), base lending rate (BLR) and base financing rate (BFR) by 0.25% from May 10, 2023.

The bank said in a statement all loan and financing rates based on SBR, BR, BLR and BFR will correspondingly increase by the same rate.