Similarly, Bank Muamalat Malaysia Bhd’s SBR, BR, and BFR would also be revised by 25 basis points from 2.75 per cent to 3.00 per cent, 3.56 per cent to 3.81 per cent, and 6.56 per cent to 6.81 per cent, respectively, with effect from May 9. “With the above, OCBC Malaysia’s SBR increases from 2.75 per cent to 3.00 per cent, BR from 3.58 per cent to 3.83 per cent, and BLR/BFR from 6.51 per cent to 6.76 per cent,” it added. The bank noted that all conventional fixed deposit and Islamic time deposit board rates will also increase by 0.25 percentage points on the same day. “All loan and financing rates based on SBR, BR, BLR, and BFR will correspondingly increase by the same rate,” it said in a statement. The bank said it was in line with Bank Negara Malaysia’s recent increase in the overnight policy rate (OPR) of 25 basis points to 3.00 per cent. KUALA LUMPUR: OCBC Bank (Malaysia) Bhd and its Islamic banking subsidiary, OCBC Al-Amin Bank Bhd, will correspondingly increase their standardised base rate (SBR), base rate (BR), base lending rate (BLR) and base financing rate (BFR) by 0.25 percentage points, effective May 10.
