(Picture: The Star/Muhamad Shahril Rosli)
(Up to date on 19 September 2022.)
Financial institution Negara Malaysia (BNM) has raised the in a single day coverage price (OPR) for a 3rd consecutive time yesterday in 2022, up by one other 25 foundation factors. With this, the OPR is elevated from 2.25% to 2.50%.
As anticipated, main banks throughout Malaysia will even alter their base charges (BR) and base lending/financing charges (BLR/BFR) to mirror this replace. Along with the standard BR and BLR/BFR, the banks’ bulletins this time spherical will even embody the standardised base price (SBR), a brand new reference price used for retail floating-rate loans that took impact ranging from 1 August 2022.
Listed below are the banks which have up to date their BR, SBR, and BLR/BFR as of the time of writing. We’ll proceed to replace the record as extra banks share their revisions.
Affin Financial institution
(Picture: The Star)
Charges earlier than OPR hike (%)
New charges (%)
Standardised Base Fee (SBR) 2.25 2.50
Base Fee (BR) 3.20 3.45
Base Lending Fee (BLR)/Base Financing Fee (BFR) 6.06 6.31
Deposit charges will even improve by 0.25%. All new charges will likely be efficient from 12 September 2022 onwards.
Agrobank
(Picture: The Malaysian Reserve)
Charges earlier than OPR hike (%)
New charges (%)
Standardised Base Fee (SBR) 2.25 2.50
Base Fee (BR) 2.85 3.10
Base Lending Fee (BLR)/Base Financing Fee (BFR) 6.00 6.25
Deposit charges will even improve by 0.25%. All new charges will likely be efficient from 13 September 2022 onwards.
Alliance Financial institution
(Picture: The Star)
Charges earlier than OPR hike (%)
New charges (%)
Standardised Base Fee (SBR) 2.25 2.50
Base Fee (BR) 3.07 3.32
Base Lending Fee (BLR)/Base Financing Fee (BFR) 5.92 6.17
Deposit charges will even improve by 0.25%. All new charges will likely be efficient from 14 September 2022 onwards.
AmBank
Charges earlier than OPR hike (%)
New charges (%)
Standardised Base Fee (SBR) 2.25 2.50
Base Fee (BR) 5.95 6.20
Base Lending Fee (BLR)/Base Financing Fee (BFR) 3.10 3.35
Deposit charges will even improve by 0.25%. All new charges will likely be efficient from 13 September 2022 onwards.
Financial institution Islam
(Picture: The Malaysian Reserve)
Charges earlier than OPR hike (%)
New charges (%)
Standardised Base Fee (SBR) 2.25 2.50
Base Fee (BR) 3.02 3.27
Base Lending Fee (BLR)/Base Financing Fee (BFR) 5.97 6.22
Deposit charges will even improve by 0.25%. All new charges will likely be efficient from 9 September 2022 onwards.
Financial institution Muamalat
(Picture: The Malaysian Reserve)
Charges earlier than OPR hike (%)
New charges (%)
Standardised Base Fee (SBR) 2.25 2.50
Base Fee (BR) 3.06 3.31
Base Lending Fee (BLR)/Base Financing Fee (BFR) 6.06 6.31
Deposit charges will even improve by 0.25%. All new charges will likely be efficient from 13 September 2022 onwards.
Financial institution Rakyat
(Picture: The Star)
Charges earlier than OPR hike (%)
New charges (%)
Standardised Base Fee (SBR) 2.25 2.50
Base Fee (BR) 3.10 3.35
Base Lending Fee (BLR)/Base Financing Fee (BFR) 6.08 6.33
Deposit charges will even improve by 0.25%. All new charges will likely be efficient from 19 September 2022 onwards.
Financial institution Simpanan Nasional
(Picture: MalaysiaKini)
Charges earlier than OPR hike (%)
New charges (%)
Standardised Base Fee (SBR) 2.25 2.50
Base Fee (BR) 3.10 3.35
Base Lending Fee (BLR)/Base Financing Fee (BFR) 5.85 6.10
Deposit charges will even improve by 0.25%. All new charges will likely be efficient from 19 September 2022 onwards.
CIMB Financial institution
(Picture: Bloomberg)
Charges earlier than OPR hike (%)
New charges (%)
Standardised Base Fee (SBR) 2.25 2.50
Base Fee (BR) 3.25 3.50
Base Lending Fee (BLR)/Base Financing Fee (BFR) 6.10 6.35
Deposit charges will even improve by 0.25%. All new charges will likely be efficient from 13 September 2022 onwards.
Citibank
Charges earlier than OPR hike (%)
New charges (%)
Standardised Base Fee (SBR) 2.25 2.50
Base Fee (BR) 2.90 3.15
Base Lending Fee (BLR)/Base Financing Fee (BFR) 6.05 6.30
Deposit charges will even improve by 0.25%. All new charges will likely be efficient from 14 September 2022 onwards.
Hong Leong Financial institution
(Picture: The Star)
Charges earlier than OPR hike (%)
New charges (%)
Standardised Base Fee (SBR) 2.25 2.50
Base Fee (BR) 3.13 3.38
Base Lending Fee (BLR)/Base Financing Fee (BFR) 6.14 6.39
Deposit charges will even improve by 0.25%. All new charges will likely be efficient from 13 September 2022 onwards.
HSBC Financial institution
(Picture: Malay Mail/Hari Anggara)
Charges earlier than OPR hike (%)
New charges (%)
Standardised Base Fee (SBR) 2.25 2.50
Base Fee (BR) 2.89 3.14
Base Lending Fee (BLR)/Base Financing Fee (BFR) 5.99 6.24
Deposit charges will even improve by 0.25%. All new charges will likely be efficient from 19 September 2022 onwards.
Maybank
Charges earlier than OPR hike (%)
New charges (%)
Standardised Base Fee (SBR) 2.25 2.50
Base Fee (BR) 2.25 2.50
Base Lending Fee (BLR)/Base Financing Fee (BFR) 5.90 6.15
Deposit charges will even improve by 0.25%. All new charges will likely be efficient from 12 September 2022 onwards.
MBSB Financial institution
(Picture: The Malaysian Reserve)
Charges earlier than OPR hike (%)
New charges (%)
Standardised Base Fee (SBR) 2.25 2.50
Base Fee (BR) 3.15 3.40
Base Lending Fee (BLR)/Base Financing Fee (BFR) 6.00 6.25
Deposit charges will even improve by 0.25%. All new charges will likely be efficient from 19 September 2022 onwards.
OCBC Financial institution
(Picture: Getty Photographs)
Charges earlier than OPR hike (%)
New charges (%)
Standardised Base Fee (SBR) 2.25 2.50
Base Fee (BR) 3.08 3.33
Base Lending Fee (BLR)/Base Financing Fee (BFR) 6.01 6.26
Deposit charges will even improve by 0.25%. All new charges will likely be efficient from 14 September 2022 onwards.
Public Financial institution
(Picture: Bernama)
Charges earlier than OPR hike (%)
New charges (%)
Standardised Base Fee (SBR) 2.25 2.50
Base Fee (BR) 2.77 3.02
Base Lending Fee (BLR)/Base Financing Fee (BFR) 5.97 6.22
Deposit charges will even improve by 0.25%. All new charges will likely be efficient from 12 September 2022 onwards.
RHB Financial institution
Charges earlier than OPR hike (%)
New charges (%)
Standardised Base Fee (SBR) 2.25 2.50
Base Fee (BR) 3.00 3.25
Base Lending Fee (BLR)/Base Financing Fee (BFR) 5.95 6.20
Deposit charges will even improve by 0.25%. All new charges will likely be efficient from 12 September 2022 onwards.
Customary Chartered Financial institution
(Picture: World Enterprise Outlook)
Charges earlier than OPR hike (%)
New charges (%)
Standardised Base Fee (SBR) 2.25 2.50
Base Fee (BR) 2.77 3.02
Base Lending Fee (BLR)/Base Financing Fee (BFR) 5.95 6.20
Deposit charges will even improve by 0.25%. All new charges will likely be efficient from 15 September 2022 onwards.
UOB Financial institution
Charges earlier than OPR hike (%)
New charges (%)
Standardised Base Fee (SBR) 2.25 2.50
Base Fee (BR) 3.11 3.36
Base Lending Fee (BLR)/Base Financing Fee (BFR) 6.07 6.32
Deposit charges will even improve by 0.25%. All new charges will likely be efficient from 12 September 2022 onwards.
***
As of 1 August 2022, banks have begun utilising the standardised base price (SBR) to determine on the rates of interest of your floating-rate loans (equivalent to housing and private loans). In the meantime, the bottom price (BR) was used because the benchmark between 2015 to July 2022, and the bottom lending/financing price (BLR/BFR) earlier than 2015. As there are ongoing loans taken out that proceed to seek advice from the BR and BLR/BFR, banks are required to show each as nicely.