RHB cuts BR, BFR and BLR

KUALA LUMPUR (July 20): RHB Bank and RHB Islamic Bank will revise their base rates (BR) to 3.8% from 3.9% per annum, and base lending rates (BLR) and base financing rates (BFR) to 6.75% from 6.85% per annum effective Friday (July 22), said RHB Banking Group in a statement today.

The group said this move is in line with Bank Negara Malaysia (BNM)’s recent decision to reduce the overnight policy rate (OPR) to 3%.

“The revision in rates will spur a more agile financial environment. It will also promote greater domestic demand and boost economic growth, as well as ease the financial burden of our customers,” said RHB Banking Group managing director Datuk Khairussaleh Ramli.

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