HLB & HLISB Announce Decrease in BR / IBR and BLR / IFR

In line with the recent reduction in Bank Negara Malaysia’s Overnight Policy Rate (“OPR”), Hong Leong Bank Berhad (“HLB”) and Hong Leong Islamic Bank Berhad (“HLISB”) would like to announce reductions in its Base Rate (“BR”) and Islamic Base Rate (“IBR”) to 3.88% from 4.13%. Similarly, loans and financing based on Base Lending Rate (“BLR”) and Islamic Financing Rate (“IFR”) will be lowered to 6.89% from 7.14%. All rate changes will be effective 15 May 2019.