Hong Leong Bank group managing director and CEO Domenic Fuda
KUALA LUMPUR: Hong Leong Bank Bhd
and Hong Leong Islamic Bank Bhd will be revising the base rate (BR) and Islamic base rate (IBR) to 2.88% from 2.63% following the latest increase in Bank Negara’s overnight policy rate (OPR) by 25 basis points.
In a statement, the banking group said loans and financing based on the base lending rate (BLR) and Islamic Financing Rate (IFR) will be revised to 5.89% from 5.64%.
