RHB revises base rate, BLR effective May 18

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

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RHB Bank Bhd, RHB Islamic Bank Bhd and RHB Investment Bank Bhd will increase its BR from 2.50% to 2.75% per annum, and will also revise the BLR/BFR from 5.45% to 5.70% 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.