KUALA LUMPUR, May 5 (Bernama) -- Alliance Bank Malaysia Bhd and Alliance Islamic Bank Bhd will raise their standardised base rate (SBR) by 25 basis points to 3.00 per cent per annum to mirror the overnight policy rate (OPR) effective May 10, 2023, following Bank Negara Malaysia's OPR revision to 3.00 per cent on May 3, 2023, from 2.75 per cent.  Correspondingly, Alliance Bank and Alliance Islamic Bank will raise their base rate by 25 basis points to 3.82 per cent per annum from 3.57 per cent, a statement from the bank said.

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