OCBC, Asian Finance to lower rates

OCBC BANK (Malaysia) Bhd and its subsidiary, OCBC Bank Al-Amin Bhd, will reduce their base lending rate (BLR) and base financing rate (BFR) by 55 basis points to 5.95 per cent, effective February 3.

This follows the recent downward revision of Bank Negara Malaysia’s overnight policy rate (OPR).

The bank’s previous BLR and BFR were 6.50 per cent.

Meanwhile, Asian Finance Bank has also announced that it is reducing its base financing rate to 5.95 per cent effective February 3. — Bernama