Hong Leong Bank to raise base rate, base lending rate


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%.

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Hong Leong Bank , Base Rate , BLR , Bank Negara , OPR

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