RHB Bank to raise BR, BLR by 0.25%

KUALA LUMPUR: RHB Banking Group will be revising its base rate (BR) and base lending rate (BLR) by 25 basis points effective Feb 2, 2018, in line with the increase in the Overnight Policy Rate (OPR) by Bank Negara Malaysia (BNM).
RHB Bank Bhd, RHB Islamic Bank Bhd and RHB Investment Bank Bhd will raise its BR from 3.65% to 3.90% per annum, and will also revise the BLR from 6.60% to 6.85% per annum.
In line with the revision, RHB's fixed deposit rates will also be revised upwards by 20 basis points effective Feb 2, 2018.
In July 2017, RHB reduced its BR from 3.9% to 3.65% per annum and cut its BLR and base financing rate (BFR) from 6.85% to 6.60% following BNM's OPR revision.
Last week, BNM raised the OPR by 25 basis points to 3.25% from 3%. Most banks are increasing the BR, BLR and BFR by 0.25% in line with the move.