KUALA LUMPUR: Affin Bank Bhd and Hong Leong Bank Bhd
will increase rates by 25 basis points (bps) correspondingly following Bank Negara’s overnight policy rate hike to 3%.
Affin Bank, Affin Islamic Bank Bhd and Affin Hwang Investment Bank will revise their loan/financing reference rates upward by 0.25% effective 8 May 2023.
In line with the revision, Affin Bank fixed deposit and Affin Islamic Bank term deposit-i board rates will also be adjusted upwards, effective May 8.
Separately, Hong Leong Bank and Hong Leong Islamic Bank will be revising the standardised base rate (BR) and Islamic base rate (IBR) to 3%.
“The bank’s BR and IBR will be revised to 3.88% from 3.63%. Similarly, loans and financing based on the base lending rate (BLR) and Islamic financing rate will be revised to 6.89% from 6.64%,” it said in a statement.
These changes will be effective from May 9.
