RHB increases BR, BLR/BFR by 25 basis points

KUALA LUMPUR: RHB Banking Group will revise its base rate (BR) and base lending/financing rate (BLR/BFR) upwards by 25 basis points effective July 13 in line with the increase in the overnight policy rate (OPR) by Bank Negara today.

“RHB Bank Bhd, RHB Islamic Bank Bhd and RHB Investment Bank Bhd will increase its BR from 2.75% to 3.00% per annum, and will also revise the BLR/BFR from 5.70% to 5.95% per annum,” RHB said in a statement.

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