In line with Bank Negara Malaysia’s recent 0.25% Overnight Policy Rate (OPR) increase, OCBC Bank (Malaysia) Berhad (OCBC Bank) and its Islamic banking subsidiary OCBC Al-Amin Bank Berhad (collectively, OCBC Malaysia) will correspondingly increase its base rate (BR), base lending rate (BLR) and base financing rate (BFR) by 0.25% effective 13 July 2022.

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.

With the above, OCBC Malaysia’s BR increases from 2.83% to 3.08%, and its BLR/BFR from 5.76% to 6.01%.