RHB revises base rate, BLR and BFR

RHB Banking Group announces further revision in its base rate (BR), base lending rate (BLR) and base financing rate (BFR), effective July 29, 2016.

A bank statement said RHB Bank, RHB Islamic Bank and RHB Investment Bank would further revise its BR from 3.80 per cent to 3.65 per cent per annum, BLR and BFR from 6.75 per cent to 6.60 per cent per annum, respectively.

"We have made a further reduction in the BR, BLR and BFR to reflect the movements of the Kuala Lumpur Interbank Offered Rate (KLIBOR) in line with our BR framework following Bank Negara's revision of the Overnight Policy Rate (OPR) recently.

"This is expected to benefit our borrowing clients positively," said Group Managing Director Datuk Khairussaleh Ramli.

On July 20, the group announced the reduction of its BR from 3.90 per cent to 3.80 per cent per annum and; BLR and BFR from 6.85 per cent to 6.75 per cent per annum after the central bank revised downwards the OPR.