KUALA LUMPUR: Alliance Bank Malaysia Bhd, together with its subsidiaries, Alliance Investment Bank Bhd and Alliance Islamic Bank Bhd, announced that it is revising its base rate (BR), base lending rate (BLR) and base financing rate (BFR) effective February 6.
In a statement released today, the bank said the revision is in line with Bank Negara Malaysia’s recent announcement of the increase in overnight policy rate (OPR).
Alliance Bank will raise its BR from 3.82 per cent p.a. to 4.07 per cent p.a., and its BLR and BFR from 6.67 per cent p.a. to 6.92 per cent p.a.
The revision applies to all existing loans and/or financing pegged to the BR, BLR, and BFR effective immediately, and will be adjusted accordingly.
The bank said its deposit rates will also be revised on the same effective date.