KUALA LUMPUR: Affin Bank Bhd, Affin Islamic Bank Bhd and Affin Hwang Investment Bank Bhd will revise their loan/financing reference rates upward by 25 basis points or 0.25 per cent effective from May 8.
This is in line with the increase in the overnight policy rate by Bank Negara Malaysia today.
In line with the revision, the bank said Affin Bank Fixed Deposit and Affin Islamic Bank Term Deposit-i Board Rates will also be adjusted upwards from May 8.
Meanwhile, RHB Banking Group will revise its standardised base rate (SBR), base rate (BR) and base lending/financing rate (BLR/BFR) upwards by 25 basis points effective from May 8.
"RHB Bank Bhd, RHB Islamic Bank Bhd and RHB Investment Bank Bhd will increase its SBR from 2.75 per cent to 3.00 per cent, BR from 3.50 per cent to 3.75 per cent per annum, and will also revise the BLR/BFR from 6.45 per cent to 6.70 per cent per annum.
"In line with the revision, RHB Bank and RHB Islamic Bank's fixed deposit rates will also be revised upwards," RHB said in a statement today.