Hong Leong Bank and Hong Leong Islamic Bank Update SBR, BR/IBR and BLR/IFR
Hong Leong Bank and Hong Leong Islamic Bank Update
SBR, BR/IBR and BLR/IFR
Kuala Lumpur, 4 November 2022: Following the latest revision in Bank Negara Malaysia’s Overnight Policy Rate (“OPR”) by 25 bps, the Standardised Base Rate (“SBR”) for Hong Leong Bank and Hong Leong Islamic Bank (“HLB” or the “Bank”) will be at 2.75%.
The Bank’s Base Rate (“BR”) and Islamic Base Rate (“IBR”) will be revised to 3.63% from 3.38%. Similarly, loans and financing based on the Base Lending Rate (“BLR”) and Islamic Financing Rate (“IFR”) will be revised to 6.64% from 6.39%.
These changes will take effect from 8 November 2022.
The adjustment in rates is in line with the latest OPR change.