RHB Bank Bhd and RHB Islamic Bank Bhd will raise its Base Lending Rate and Base Financing Rate respectively to 5.8 per cent from the current 5.5 per cent effective tomorrow.
Group Managing Director Datuk Tajuddin Atan said the revision was in line with Bank Negara Malaysia's move to increase the Overnight Policy Rate (OPR) by 25 baiss points to 2.25 per cent.
"We are committed to doing our part to ensure that viable borrowers will continue to have access to financial products and services to carry out and grow their businesses in everyone's interests," he said in a statement on Monday.
"We will also be balancing the increased borrowing rates by offering more competitive rates for depositors," he added.
Last Thursday, the central bank said the adjustment of OPR was towards normalising monetary conditions and preventing the risk of financial imbalances that could undermine the economic recovery process.
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