KUALA LUMPUR: RHB Banking Group will revise its standardised base rate (SBR), base rate (BR) and base lending or financing rate (BLR/BFR) upwards by 25 basis points (bps) effective September 12, 2022.
The move was in line with the increase in the Overnight Policy Rate (OPR) by Bank Negara Malaysia today.
The central bank has decided to increase the Overnight Policy Rate (OPR) by 25bps to 2.50 per cent
Subsequently, RHB Bank Bhd, RHB Islamic Bank Bhd and RHB Investment Bank Bhd will increase its SBR from 2.25 per cent to 2.50 per cent, BR from 3.00 per cent to 3.25 per cent per annum, and will also revise the BLR/BFR from 5.95 per cent to 6.20 per cent per annum.
In line with the revision, RHB Bank and RHB Islamic Bank's fixed deposit rates will also be revised upwards.