RHB raises base rate by 25bps following OPR revision

KUALA LUMPUR: RHB Banking Group will revise its standardised base rate (SBR), base rate (BR) and base lending/financing rate (BLR/BFR) upwards by 25 basis points effective May 8 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 SBR from 2.75% to 3.00%, BR from 3.50% to 3.75% per annum, and will also revise the BLR/BFR from 6.45% to 6.70% per annum,” it said in a statement.

RHB Bank and RHB Islamic Bank’s fixed deposit rates will also be revised upwards.