Alliance Bank to increase rates by 25 basis points effective May 20

KUALA LUMPUR: Alliance Bank Malaysia Bhd (Alliance Bank) has announced that it will raise its base rate (BR), base lending rate (BLR), and base financing rate (BFR) by 25 basis points effective May 20, 2022.

This followed Bank Negara Malaysia’s revision of the overnight policy rate (OPR) recently.