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BUSINESS

RHB increases BR, BLR/BFR by 25 bps effective May 18

11/05/2022 07:32 PM

KUALA LUMPUR, May 11 (Bernama) -- RHB Banking Group will revise upwards its base rate (BR) and base lending/financing rate (BLR/BFR) by 25 basis points (bps) effective May 18, 2022 in line with the increase in the overnight policy rate (OPR) by Bank Negara Malaysia today.

It said RHB Bank Bhd, RHB Islamic Bank Bhd and RHB Investment Bank Bhd would increase their BR from 2.50 per cent to 2.75 per cent per annum and would also revise the BLR/BFR from 5.45 per cent to 5.70 per cent per annum.

“In line with the revision, RHB Bank and RHB Islamic Bank’s fixed deposit rates will also be revised upwards effective the same date,” it said in a statement today.

-- BERNAMA


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