Alliance to increase lending, deposit rates effective July 13

KUALA LUMPUR: Alliance Bank Malaysia Bhd will raise its base rate (BR), base lending rate (BLR), and base financing rate (BFR) by 25 basis points effective July 13, following Bank Negara’s revision of the overnight policy rate (OPR).

The bank, in a statement, said its BR will be adjusted from 2.82% to 3.07% per annum, and BLR and BFR from 5.67% to 5.92% per annum.

“The revision will apply to all existing loans and/or financing pegged to the BR, BLR, and BFR,” it said.

The bank will also adjust its fixed deposit rates upwards on the same effective date.

In tandem with the revision, the Bank will raise the savings rates for its basic savings account, children savings account and senior savers account, and Alliance SavePlus Account which offers customers higher savings rate and transactional flexibility.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Alliance Bank , BR , BLR , OPR , Bank Negara


Next In Business News

Wall St heads for lower open on rate hike worries
Pharmaniaga 2Q net profit tumbles 95% to RM722,000
Carlsberg 2Q net profit more than double to RM89mil, declares 22 sen dividend
AirAsia X posts RM652.51mil net loss in 4Q
Ringgit slides as US dollar soars across markets
Sapura Energy to dispose of three drilling rigs for US$8.2mil
Inari cautiously optimistic on prospects
TNB, PETRONAS sign MoU for carbon-neutral aspirations
Wahid: Foreign shareholding remains above 20%, but not at pre-pandemic level
Bursa Malaysia closes broadly lower on continued profit-taking

Others Also Read