Alliance to increase lending, deposit rates effective July 13


KUALA LUMPUR: Alliance Bank Malaysia Bhd will increase its base price (BR), base lending price (BLR), and base financing price (BFR) by 25 foundation factors effective July 13, following Bank Negara’s revision of the in a single day coverage price (OPR).

The financial institution, in an announcement, mentioned its BR will probably be adjusted from 2.82% to 3.07% each year, and BLR and BFR from 5.67% to 5.92% each year.

“The revision will apply to all existing loans and/or financing pegged to the BR, BLR, and BFR,” it mentioned.

The financial institution may also modify its fastened deposit rates upwards on the identical effective date.

In tandem with the revision, the Bank will increase the financial savings rates for its fundamental financial savings account, youngsters financial savings account and senior savers account, and Alliance SavePlus (*13*) which provides clients larger financial savings price and transactional flexibility.

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