Hong Leong Bank Raises BLR by 25 Basis Points

Following the raise of Bank Negara Malaysia's Overnight Policy Rate (OPR) by 25 basis points to 2.25% on 4 March 2010, 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 5.5% to 5.80% with effect from 10 March 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.

-END-Press Release - 08/03/2010