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OCBC To Raise Lending And FD Rates By 0.25 Pct
Last update: 29/01/2018

KUALA LUMPUR, Jan 29 (Bernama) --†OCBC Bank (Malaysia) Bhd†and its subsidiary,†OCBC Al-Amin Bank Bhd,†will increase the†base rate, base lending rate†(BLR) and base financing rate (BFR) by 0.25 per cent,†effective Feb 2,†2018.

This was in line with Bank Negara†Malaysia's recent overnight policy rate increase, it said in a statement here today.

It added that†all loans†and financing based on BLR and BFR respectively would correspondingly increase by the same rate.

Similarly, all fixed deposit (FD) board rates will also increase by 0.25 per cent on the same†day," said the bank.



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Source: Bank Negara Malaysia

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