OCBC Bank and its Islamic banking subsidiary, OCBC Al-Amin Bank, collectively known as OCBC Malaysia will increase its base rate (BR), base lending rate (BLR) and base financing rate (BFR) by 0.25% effective 13 July 2022, the move is in line with Bank Negara Malaysia’s recent 0.25% Overnight Policy Rate (OPR) increase.
All loans and financing rates based on BR, BLR and 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% on the same day.
In its official statement, OCBC Malaysia has made the announcement that its BR increases from 2.83% to 3.08%, and its BLR/BFR from 5.76% to 6.01%.
