Hong Leong Bank, Hong Leong Islamic Bank set SBR at 2.75%
The bank said the base rate and Islamic base rate will be revised to 3.63 per cent from 3.88 per cent.
"Similarly, loans and financing based on the base lending rate and Islamic financing rate will be revised to 6.64 per cent from 6.89 per cent,' it said in a statement today.
Group managing director and chief executive officer Kevin Lam said the update in the OPR underscores the dynamic nature of monetary policy and its impact on Malaysia's economic vitality.
"In today's evolving economic climate, monetary policy adjustments are essential for maintaining stability and fostering sustainable growth. At Hong Leong Bank, we see this rate revision as a strategic alignment to secure the vitality of economic activity and strengthen the nation's growth trajectory,' he added. - Bernama
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