Bank of Bahrain and Kuwait has hiked its One Year MCLR Base Rate or the minimum lending rate by 0.05%, or 05 basis points with effect from Saturday, September 01, 2018. Bank of Bahrain and Kuwait has revised its One Year MCLR Base Rate from 8.65 percent to 8.70 percent per annum.
Bank of Bahrain and Kuwait – Current MCLR Base Rate and Loan Interest Rate
New Delhi (Delhi, India), September 20, 2018
Bank of Bahrain and Kuwait Increases One Year MCLR Base Rate to 8.70 Percent Per Annum
The Bank of Bahrain and Kuwait B.S.C. (BBK) has hiked its benchmark MCLR (Marginal Cost of Funds based Lending Rate) Base Rate for new loans by 0.05 percent, or 05 basis points (BPS) with effect from Saturday, September 01, 2018.
Bank of Bahrain and Kuwait has revised its One Year MCLR Base Rate or the minimum lending rate from 8.65 percent to 8.70 percent per annum.
Bank of Bahrain and Kuwait’s new MCLR Base Rate will be applicable for all new loans and the existing loans that may come up for renewal.
Bank of Bahrain and Kuwait applies the interest rates on all new loans and advances with reference to MCLR based rates from April 01, 2016 onwards.
The Reserve Bank of India (RBI) has asked all banks to set at least five MCLR based benchmark lending rates – Overnight MCLR, One Month MCLR, Three Month MCLR, Six Month MCLR, and One Year MCLR. The loans linked with MCLR will be reset for a maximum of one year tenure.
Bank of Bahrain and Kuwait’s Marginal Cost of Funds based Lending Rate (MCLR) Historical Data
Bank of Bahrain and Kuwait’s MCLR Base Rate effective from September 01, 2018 is:
Overnight MCLR: 8.05%
One Month MCLR: 8.10%
Three Month MCLR: 8.30%
Six Month MCLR: 8.50%
One Year MCLR: 8.70%
Two Year MCLR: 9.20%
Three Year MCLR: 9.40%
Bank of Bahrain and Kuwait Ups Base Rate to 8.65 Percent Per Annum
The Bank of Bahrain and Kuwait has also raised its Base Rate (BR) for old loans by 0.25 percent, or 25 basis points (BPS) with effect from Wednesday, August 01, 2018.
Bank of Bahrain and Kuwait has revised its Base Rate or the minimum lending rate from 8.40 percent to 8.65 percent per annum.
Bank of Bahrain and Kuwait decides its interest rates on all loans and advances lent until March 31, 2016 with reference to Base Rate from July 01, 2010 onwards.
Bank of Bahrain and Kuwait’s Base Rate Historical Data
August 01, 2018 Base Rate: 8.65%
May 01, 2018 Base Rate: 8.40%
February 01, 2018 Base Rate: 8.70%
November 01, 2017 Base Rate: 9.45%
August 01, 2017 Base Rate: 9.20%
May 01, 2017 Base Rate: 9.05%
February 20, 2017 Base Rate: 9.10%
May 02, 2016 Base Rate: 9.70%
August 07, 2015 Base Rate: 10.15%
September 01, 2013 Base Rate: 10.40%
June 01, 2013 Base Rate: 9.95%
November 22, 2011 Base Rate: 10.25%
August 01, 2011 Base Rate: 9.75%
May 09, 2011 Base Rate: 9.25%
February 03, 2011 Base Rate: 8.50%
October 20, 2010 Base Rate: 8.00%
July 01, 2010 Base Rate: 7.75%