PETALING JAYA: Several local banks have revised their base rates (BR) and base lending rates (BLR) for the past three weeks, from the time when Bank Negara Malaysia (BNM) had reduced the Overnight Policy Rate (OPR) by 25 basis points to 3% last month.
Property developers welcome the OPR reduction, hoping to take advantage of the lower bank interest rates to attract more sales.
According to a statement by BNM strategic communications department director Shariffuddin Khalid, in the future, all banks will be required to revise their BR and BLR within seven working days after the announcement of the new OPR.
In addition, all banks must notify Bank Negara Malaysia at least one working day prior to the effective date of the revised BR.
Below is a list of updated BR and BLR as of August 5:
| Bank | Base Rate (%) | Base Lending Rate (%) |
| Maybank | 3.00 | 6.65 |
| Ambank | 3.80 | 6.65 |
| AffinBank | 3.80 | 6.66 |
| Citibank | 3.65 | 6.80 |
| UOB Malaysia | 3.85 | 6.81 |
| Hong Leong Bank | 3.69 | 6.70 |
| HSBC | 3.50 | 6.60 |
| RHB Bank | 3.65 | 6.60 |
| OCBC Bank | 3.72 | 6.65 |
| CIMB Bank | 3.90 | 6.75 |
| Public Bank | 3.52 | 6.72 |
| Alliance Financial Group (AFG) | 3.82 | 6.67 |
| Asian Finance Bank (AFB) | 3.77 | 6.60 |
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