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Financial BLR Increase 2014?, Base Lending Rate.

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cybpsych
post Jul 13 2014, 07:56 AM

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Maybank's and PBB's BLR increased to 6.85% p.a. effective 16 July 2014.

This post has been edited by cybpsych: Jul 13 2014, 08:10 AM
cybpsych
post Jul 13 2014, 08:09 AM

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QUOTE(tikaram @ Jul 13 2014, 08:03 AM)
So fast revised. cry.gif
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with the OPR increased last Friday, all banks will soon need to make announcement.

watch out for BLR annoucements next 2 days since all banks are (it seems) targeting 16 July as the effective date.

FD rate would be more gradual and slower.
cybpsych
post Jul 14 2014, 04:22 PM

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QUOTE
Hong Leong Bank raises lending, FD rates

http://www.thestar.com.my/Business/Busines...nding-FD-rates/

KUALA LUMPUR: Hong Leong Bank and Hong Leong Islamic Bank will raise their base lending rate (BLR) and Islamic financing rate (IFR) by 25 basis points from 6.6% to 6.85% effective from Wednesday.

The banking group said on Monday that concurrently, the fixed deposit and term deposit-I would also be raised by 25bps.

The new fixed deposit and term deposit-I rates for one, six and 12 months would be raised to 3.05%, 3.2% and 3.3% respectively.

Its move to raise the rates was made after Bank Negara Malaysia's monetary policy committee decided to raise the overnight policy rate by 25bps to 3.25% last Thursday.

QUOTE
OCBC Bank, Subsidiary To Increase BLR, BFR
http://www.bernama.com.my/bernama/v7/bu/ne....php?id=1053421

KUALA LUMPUR, July 14 (Bernama) -- OCBC Bank (M) Bhd and its subsidiary OCBC Al-Amin Bank Bhd will increase their base lending rates (BLR) and base financing rates (BFR) effective July 16.

This follows the increase in the Overnight Policy Rate (OPR) by 25 basis points.

The banks said in a statement that the BLR and BFR will be revised upward to 6.85 per cent per annum from 6.60 per cent previously.

Meanwhile, the mortgage lending rate, the alternative to the BLR for home loans, will also be increased to 5.70 per cent per annum from 5.45 per cent.


This post has been edited by cybpsych: Jul 14 2014, 04:26 PM

 

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