Kuala Lumpur, 13 July 2010
Following the increase of Bank Negara Malaysia's Overnight Policy Rate (OPR) by 25 basis points recently, Hong Leong Bank Berhad and Hong Leong Islamic Bank Berhad, will increase their Base Lending Rate (BLR) and Islamic Financing Rate (IFR) by 25 basis points from 6.05% to 6.30% with effect from 14 July 2010.
Group Managing Director, Yvonne Chia said that the change supports the central bank's decision to increase the overnight policy rate (OPR) by 25 basis points. She also added that the Bank would continue to work closely with its customers to address all their financing needs.
Concurrently, HLB's fixed deposit (FD) and savings interest rates will be revised upwards up to 25 basis points effective 14 July 2010.
-END-Press Release - 13/07/2010