Alliance Bank raises BR, BLR and BFR by 0.25%

PETALING JAYA: Alliance Bank Malaysia Bhd, together with its subsidiaries Alliance Investment Bank Bhd and Alliance Islamic Bank Bhd announced a revision to its Base Rate (BR), Base Lending Rate (BLR), and Base Financing Rate (BFR) effective February 6, in line with the recent Overnight Policy Rate (OPR) hike.
Alliance Bank will raise its BR from 3.82% to 4.07%, and its BLR and BFR from 6.67% to 6.92%.
It said the revision applies to all existing loans and/or financing pegged to the BR, BLR and BFR effective immediately, and will be adjusted accordingly.
To align with the BR, BLR and BFR changes, deposit rates will also be revised on the same effective date.