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BUSINESS

RHB increases base rate by 25 basis points to 3 pct

06/07/2022 09:09 PM

KUALA LUMPUR, July 6 (Bernama) -- RHB Banking Group will revise its Base Rate (BR) and Base Lending/Financing Rate (BLR/BFR) upwards by 25 basis points effective July 13, 2022 in line with the increase in the overnight policy rate (OPR) by Bank Negara Malaysia today.

RHB Bank Bhd, RHB Islamic Bank Bhd and RHB Investment Bank Bhd will increase their BR to 3.00 per cent from 2.75 per cent per annum, the group said in a statement today.

The group will also revise the BLR/BFR to 5.95 per cent from 5.70 per cent per annum, the statement said.

In line with the revision, RHB Bank and RHB Islamic Bank’s fixed deposit rates will also be revised upwards effective the same date. -- BERNAMA



 


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