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Hong Leong Bank Announces Increase In Base Rate
Last update: 29/01/2018

KUALA LUMPUR,†Jan 29 (Bernama) --†Hong Leong Bank Bhd†and its†wholly-owned subsidiary,†Hong Leong Islamic Bank Bhd have increased their Base Rate / Islamic Base Rate (BR) and Fixed Deposit Rate/Fixed Deposit-i Rate by 0.25 per cent, effective Jan 30, 2018.

This is in line with Bank Negara Malaysia's Overnight Policy Rate increase from 3.00 per cent to 3.25 per cent, Hong Leong†Bank announced in a statement today.

Similarly, loans and financing based on Base Lending Rate†and Islamic Financing Rate will respectively be increased by 0.25 per cent.

--†BERNAMA


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MIDDAY, FRIDAY, FEB 23
US 3.9030/9080
S'pore 2.9544/9597
100 Yen 3.6507/6564
Sterling 5.4431/4521
Euro 4.8030/8104
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?
 

 
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