Thursday, February 5, 2009

Latest BLR rate of banks in Malaysia as of Feb-2009

Following Bank Negara's move to reduce the Overnight Policy Rate (OPR) by 75 basis points to 2.50 percent and Statutory Reserve Requirement (SRR) from 3.5 percent to 2 percent effective 1 February 2009, banks in Malaysia have reduced their deposit interest rates as well as their Base Lending Rate (BLR) respectively.

Here are their latest BLR rate as of today (5 Feb 2009):
  • Majority of the banks: 5.95%
  • Bangkok Bank Berhad: 5.50%
  • Bank of Tokyo-Mitsubishi UFJ (M) Berhad: 5.75%
  • Deutsche Bank (M) Berhad: 5.75%
  • J.P. Morgan Chase Bank Berhad: 5.75%
  • The Royal Bank of Scotland Berhad: 5.75%
  • Affin Bank Berhad: 5.90%
  • Citibank Berhad: 6.00%
  • EON Bank Berhad: 6.50% (not yet revised)
  • AmBank (M) Berhad: 6.55% (not yet revised)
You can always click here for the latest BLR info of the banks.
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3 comments:

  1. Voyager8February 11, 2009 at 12:11 PM

    Update as of 10-Feb-2009:

    EON Bank Berhad: 5.95%
    AmBank (M) Berhad: 6.00%

    The rest remains the same as in the list.

    ReplyDelete
  2. AnonymousMarch 5, 2009 at 2:58 PM

    Bangkok Bank's rates seem to not be updated.Here's the rest as at march.
    MayBank 5.55
    RBS 5.25
    AmBank 5.55
    Bank of China 5.55
    Nova Scotia 5.55
    BTM Malaysia 5.25
    JP Mor Chase 5.25
    CitiBank 5.60
    Deutsche Bank 5.55
    RHB Bank 5.55
    Eon Bank 5.55
    HSBC Bank 5.55
    Hong Leong 5.55
    Alliance Bank 5.55
    OCBC Bank 5.55
    Affin Bank 5.50
    Public Bank 5.55
    Standchart 5.55
    UOBM 5.55

    ReplyDelete
  3. Voyager8March 5, 2009 at 5:12 PM

    Hi,

    Thanks for the update.

    Within a short period of time, BNM has cut the OPR again by another 50 basis points to 2.00% and SRR to 1.0%, effective 1 March 2009.

    I am still waiting for most of the banks to update their BLR rate before posting the updated information here, and you have done the job.

    Thank you.

    ReplyDelete