Kuala Lumpur, 17 May 2010
17 May 2010
Following the raise of Bank Negara Malaysia's Overnight Policy Rate (OPR) by 25 basis points to 2.25% on 13 May 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 5.8% to 6.05% with effect from 18 May 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.
Concurrently, HLB's fixed deposit (FD) interest rates have also been revised upwards, up to 4% per annum for its Senior Saver FD (tenure 48-60 months).
-END-Press Release - 17/05/2010