Bank, Loan & Property 24 May 2011

Base Lending Rate (BLR) increased to 6.6% from 6.3% on the rise of Overnight Policy Rate (OPR) by 25bp to 3.0%

baselendingrateblrOn 5 May 2011, Bank Negara Malaysia in its Monetary Policy Committee (MPC) meeting decided to raise the Overnight Policy Rate (OPR) by 25 basis points to 3.00 percent.

Domestic headline inflation has continued to increase, rising to 3% in March to average 2.8% for the first quarter of 2011. The increase was mainly due to higher food and fuel prices. The assessment is that supply factors will continue to be a key determinant affecting consumer prices. Global commodity and energy prices are projected to remain elevated during the year, with inflation in major trading partners also expected to rise further. There are also some signs that domestic demand factors could exert upward pressure on prices in the second half of the year.

Since 26 April 2004, banking institutions are allowed to determine their own lending rates on all credit facilities and loan products (with some exceptions) based on internal considerations. While Base Lending Rate (BLR) will remain as the primary reference rate used in the pricing of credit facilities and loan products, banking institutions also have the flexibility to determine the choice of reference rates, other than BLR, in accordance with their business strategy, portfolio management and market competitiveness.

Base Lending Rates (BLR) of Banking Institutions in Malaysia:

No. Banking Institution With Effect From BLR (% p.a.)
1 Affin Bank Berhad 12/5/2011 6.60
2 Alliance Bank Malaysia Berhad 13/05/2011 6.60
3 Alliance Islamic Bank Berhad 13/07/2010 6.30
4 AmBank (M) Berhad 13/05/2011 6.60
5 Bangkok Bank Berhad 13/05/2011 6.60
6 Bank of America Malaysia Berhad 13/07/2010 6.30
7 Bank of China (Malaysia) Berhad 12/5/2011 6.55
8 Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad 11/5/2011 6.25
9 CIMB Bank Berhad 11/5/2011 6.60
10 Citibank Berhad 16/05/2011 6.60
11 Deutsche Bank (Malaysia) Berhad 13/05/2011 6.50
12 EON Bank Berhad 13/05/2011 6.60
13 Hong Leong Bank Berhad 13/05/2011 6.60
14 HSBC Bank Malaysia Berhad 12/5/2011 6.60
15 J.P. Morgan Chase Bank Berhad 15/07/2010 6.20
16 Malayan Banking Berhad 11/5/2011 6.60
17 OCBC Bank (Malaysia) Berhad 12/5/2011 6.60
18 Public Bank Berhad 11/5/2011 6.60
19 RHB Bank Berhad 11/5/2011 6.60
20 Standard Chartered Bank Malaysia Berhad 13/05/2011 6.60
21 The Bank of Nova Scotia Berhad 16/05/2011 6.60
22 The Royal Bank of Scotland Berhad 15/07/2010 6.00
23 United Overseas Bank (Malaysia) Berhad 12/5/2011 6.60

Last updated: 16/05/2011Source: Bankinginfo.com.my

Overnight Policy Rate (OPR)

Table below shows the OPR changes since 2004 until todate:

Date

Change in OPR (%)

New OPR level (%)

May 5, 2011

0.25

3.00
July 8, 2010

0.25

2.75
May 13, 2010

0.25

2.50
March 4, 2010

0.25

2.25
February 24, 2009

(0.50)

2.00
January 21, 2009

(0.75)

2.50
November 24, 2008

(0.25)

3.25
April 26, 2006

0.25

3.50
February 22, 2006

0.25

3.25
May 26, 2004

0.00

2.70

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