In line with Bank Negara Malaysia’s recent 0.25% Overnight Policy Rate (OPR) increase, OCBC Malaysia which comprises of OCBC Bank and its Islamic banking subsidiary OCBC Al-Amin Bank Berhad will correspondingly increase its standardised base rate (SBR), base rate (BR) and base lending rate (BLR) / base financing rate (BFR) by 0.25% effective 9 November 2022.
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.
OCBC Malaysia’s SBR increases from 2.50% to 2.75%, BR from 3.33% to 3.58%, and its BLR/BFR from 6.26% to 6.51%.
