Banks Revise Lending, Deposit Rates following BNM’s OPR hike

RHB Banking Group will revise its standardised base rate (SBR), base rate (BR) and base lending or financing rate (BLR/BFR) upwards by 25bps effective Sept 12.

The group’s RHB Bank Bhd, RHB Islamic Bank Bhd and RHB Investment Bank Bhd will increase their SBR from 2.25% to 2.50%, BR from 3.00% to 3.25% per annum, and BLR/BFR from 5.95% to 6.20% per annum, it said in a statement on Thursday.

It added that RHB Bank and RHB Islamic Bank’s fixed deposit rates will also be amended upwards.

Meanwhile, Affin Bank Bhd said that the bank and its units Affin Islamic Bank Bhd and Affin Hwang Investment Bank Bhd will revise their loan or financing reference rates upwards by 25bps effective Sept 12.

In a statement, the bank said Affin Bank’s fixed deposit and Affin Islamic’s term deposit-i board rates will also be adjusted upwards from Sept 12.

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