Kuala Lumpur, 9 November 2022 - Alliance Bank Malaysia Berhad ("Alliance Bank") and Alliance Islamic Bank Berhad ("Alliance Islamic Bank") today announced that it will raise its Standardised Base Rate ("SBR") by 25 basis points to 2.75% to mirror the Overnight Policy Rate (“OPR”) effective 9 November 2022, following Bank Negara Malaysia's ("BNM") revision of the OPR on 3 November 2022 to 2.75%.

Correspondingly, Alliance Bank will raise its Base Rate (BR) by 25 basis points from 3.32% to 3.57% per annum while Base Lending Rate (BLR) will be revised from 6.17% to 6.42% per annum effective 9 November 2022, in line with the requirements of BNM’s Reference Rate Framework effective 1 August 2022. Under this framework, the SBR will be used as the common reference rate for all financial institutions for their new retail floating-rate loans and will be linked solely to the OPR.

Similarly, Alliance Islamic Bank's Base Financing Rate (BFR) will be adjusted from 6.17% to 6.42% per annum.

In tandem with the revision, Alliance Bank and Alliance Islamic Bank will also adjust its fixed deposit rates upwards on the same effective date.

For more information on Alliance Bank and Alliance Islamic Bank's revised Base Rate, Base Lending Rate and Base Financing Rate, please visit www.alliancebank.com.my.