Hong Leong Bank Cuts Base Lending Rate to 5.95%

Kuala Lumpur, 28 January 2009

Following the downward revision of Bank Negara Malaysia's Overnight Policy Rate (OPR) by 75 basis points on 21 January 2009, Hong Leong Bank Berhad andHong Leong Islamic Bank Berhad, will reduce their Base Lending Rate (BLR) and Islamic Financing Rate (IFR) by 55 basis points from 6.5% to 5.95% with effect from 3 February 2009.

The reduction of BLR/IFR would translate into lower cost of financing for our customers and businesses and will support the objective of Bank NegaraMalaysia in promoting domestic economic activities.

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Press Release - 28/01/2009