Hong Leong Bank, Hong Leong Islamic Bank revise BR/IBR, BLR/IFR


KUALA LUMPUR: Hong Leong Bank and Hong Leong Islamic Bank will likely be revising the bottom fee (BR) and Islamic base fee (IBR) to three.13% from 2.88% following the newest improve in Bank Negara’s in a single day coverage fee (OPR) by 25 foundation factors.

Similarly, the financial institution mentioned loans and financing based mostly on the bottom lending fee (BLR) and Islamic financing fee (IFR) will likely be revised to six.14% from 5.89%.

These adjustments will take impact on July 12.

“As the domestic economy continues to recover and stabilise, the adjustment in monetary policy is required to help maintain a sustainable growth whilst balancing it with price stability.

“The revised rates are still business-friendly for our SME and corporate borrowers who are looking to strengthen and expand their business,” group managing director and chief government officer Domenic Fuda mentioned in an announcement.

Source link