Alliance to increase lending, deposit rates effective July 13

KUALA LUMPUR: Alliance Bank Malaysia Bhd will raise its base rate (BR), base lending rate (BLR), and base financing rate (BFR) by 25 basis points effective July 13, following Bank Negara’s revision of the overnight policy rate (OPR).

The bank, in a statement, said its BR will be adjusted from 2.82% to 3.07% per annum, and BLR and BFR from 5.67% to 5.92% per annum.