Hong Leong Bank Cuts Base Lending Rate to 5.55%

Following the downward revision of Bank Negara Malaysia 's Overnight Policy Rate (OPR) by 50 basis points on 24 February 2009, Hong Leong Bank Berhad andHong Leong Islamic Bank Berhad, will reduce their Base Lending Rate (BLR) and Islamic Financing Rate (IFR) from 5.95% to 5.55% with effect from 3 March2009.

Group Managing Director, Yvonne Chia said the reduction of BLR/IFR would translate into lower cost of financing for its customers and businesses and willsupport the objective of Bank Negara Malaysia in promoting domestic economic activities.

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Press Release - 27/02/2009