OCBC Bank and its Islamic banking subsidiary OCBC Al-Amin Bank will increase its standardised base rate (SBR), base rate (BR) and base lending rate (BLR) / base financing rate (BFR) by 0.25% effective 14 September 2022, in line with Bank Negara Malaysia’s recent 0.25% Overnight Policy Rate (OPR) increase.
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% on the same day.
With the above, OCBC Malaysia’s SBR increases from 2.25% to 2.50%, BR from 3.08% to 3.33%, and its BLR/BFR from 6.01% to 6.26%.