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Description Effective 18 May 2022
Base Rate (BR) (Conventional & Islamic).

3.00% p.a.

Base Lending Rate (BLR)/ Base Financing Rate (BFR). 5.85% p.a.

What is the base rate (BR)?

The BR is made up of two parts, our benchmark cost of funds (BCOF) and the Statutory Reserve Requirements (SRR) cost imposed by Bank Negara Malaysia. Our BCOF reflects the cost of funding for floating rate facilities/financing and mainly comprises of customer deposits and other floating rate funding raised by the bank to fund these facilities/financing.

What are possible scenarios to trigger a change in the BR?

Our BR can rise or fall due to changes in the BCOF and changes in the SRR. Changes in the BCOF could occur due to changes in the Overnight Policy Rate (OPR) as decided by the Monetary Policy Committee of Bank Negara Malaysia, as well as other factors such as changes in the cost of funds used to fund floating rate facilities/financing.


If the bank's cost of deposit taking rises, the BCOF will increase as deposits is a part of the components used to fund floating rate facilities/financing. A higher BCOF will cause an increase in BR.

Please read FAQ on revision in BR/BLR/BFR for better understanding