{"id":1280,"date":"2018-09-20T03:25:17","date_gmt":"2018-09-19T21:55:17","guid":{"rendered":"http:\/\/www.theteamwork.com\/finance\/?p=1280"},"modified":"2018-09-21T00:05:16","modified_gmt":"2018-09-20T18:35:16","slug":"900160-bank-bahrain-kuwait-current-base-rate-lending","status":"publish","type":"post","link":"https:\/\/www.theteamwork.com\/finance\/900160-bank-bahrain-kuwait-current-base-rate-lending.html","title":{"rendered":"Bank of Bahrain and Kuwait – Current MCLR Base Rate for Lending"},"content":{"rendered":"

Bank of Bahrain and Kuwait – Current MCLR Base Rate and Loan Interest Rate<\/strong><\/p>\n

New Delhi (Delhi, India), September 20, 2018<\/p>\n

Bank of Bahrain and Kuwait Increases One Year MCLR Base Rate to 8.70 Percent Per Annum<\/strong><\/p>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

Bank of Bahrain and Kuwait’s Marginal Cost of Funds based Lending Rate (MCLR) Historical Data<\/strong><\/p>\n

Bank of Bahrain and Kuwait’s MCLR Base Rate effective from September 01, 2018 is:
\nOvernight MCLR: 8.05%
\nOne Month MCLR: 8.10%
\nThree Month MCLR: 8.30%
\nSix Month MCLR: 8.50%
\nOne Year MCLR: 8.70%
\nTwo Year MCLR: 9.20%
\nThree Year MCLR: 9.40%<\/p>\n

Bank of Bahrain and Kuwait Ups Base Rate to 8.65 Percent Per Annum<\/strong><\/p>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

Bank of Bahrain and Kuwait’s Base Rate Historical Data<\/strong><\/p>\n

August 01, 2018 Base Rate: 8.65%
\nMay 01, 2018 Base Rate: 8.40%
\nFebruary 01, 2018 Base Rate: 8.70%
\nNovember 01, 2017 Base Rate: 9.45%
\nAugust 01, 2017 Base Rate: 9.20%
\nMay 01, 2017 Base Rate: 9.05%
\nFebruary 20, 2017 Base Rate: 9.10%
\nMay 02, 2016 Base Rate: 9.70%
\nAugust 07, 2015 Base Rate: 10.15%
\nSeptember 01, 2013 Base Rate: 10.40%
\nJune 01, 2013 Base Rate: 9.95%
\nNovember 22, 2011 Base Rate: 10.25%
\nAugust 01, 2011 Base Rate: 9.75%
\nMay 09, 2011 Base Rate: 9.25%
\nFebruary 03, 2011 Base Rate: 8.50%
\nOctober 20, 2010 Base Rate: 8.00%
\nJuly 01, 2010 Base Rate: 7.75%<\/p>\n","protected":false},"excerpt":{"rendered":"

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.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[368,369,370,36,254],"class_list":["post-1280","post","type-post","status-publish","format-standard","hentry","category-banking","tag-bank-of-bahrain-and-kuwait","tag-bank-of-bahrain-and-kuwait-base-rate","tag-bank-of-bahrain-and-kuwait-lending-rate","tag-current-base-rate","tag-mclr-base-rate"],"_links":{"self":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/1280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/comments?post=1280"}],"version-history":[{"count":0,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/1280\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/media?parent=1280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/categories?post=1280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/tags?post=1280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}