Hong Leong Bank and Hong Leong Islamic Bank Announce Increase in Base Rate – Channel W

Hong Leong Bank and Hong Leong Islamic Bank Announce Increase in Base Rate

Kuala Lumpur – In line with Bank Negara Malaysia Overnight Policy Rate (“OPR”) increase from 3.00% to 3.25%, Hong Leong Bank Berhad and Hong Leong Islamic Bank Berhad would like to announce corresponding increases in its Base Rate / Islamic Base Rate (“BR”) and Fixed Deposit Rate/Fixed Deposit-i Rate by 0.25%.

Similarly, loans and financing based on Base Lending Rate (“BLR”) and Islamic Financing Rate (“IFR”) will respectively be increased by 0.25%.

All rate changes will be effective 30 January 2018.

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