{"id":3148,"date":"2026-01-20T17:47:38","date_gmt":"2026-01-20T17:47:38","guid":{"rendered":"https:\/\/malaysian-business.com\/wptest\/2026\/01\/20\/alliance-bank-to-reduce-base-rate-blr-and-bfr-2\/"},"modified":"2026-01-23T17:46:06","modified_gmt":"2026-01-23T17:46:06","slug":"alliance-bank-to-reduce-base-rate-blr-and-bfr-2","status":"publish","type":"post","link":"https:\/\/malaysian-business.com\/portal\/2026\/01\/20\/alliance-bank-to-reduce-base-rate-blr-and-bfr-2\/","title":{"rendered":"Alliance Bank to Reduce Base Rate, BLR and BFR"},"content":{"rendered":"<p><b><i>Kuala Lumpur, 15 July 2020 \u2013 <\/i><\/b><span style=\"font-weight: 400;\">Alliance Bank Malaysia Berhad (\u201cAlliance Bank\u201d or the \u201cBank\u201d) today announced that it will reduce its Base Rate (\u201cBR\u201d), Base Lending Rate (\u201cBLR\u201d), and Base Financing Rate (\u201cBFR\u201d) by 25 basis points effective 15 July 2020.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Bank\u2019s Base Rate will be lowered from 2.82% p.a. to 2.57% p.a., and Base Lending Rate and Base Financing Rate from 5.67% p.a. to 5.42% p.a. The revision applies to all existing loans and\/or financing pegged to the Base Rate, Base Lending Rate, and Base Financing Rate. To align with these changes, the deposit rates will also be revised on the same effective date.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Alliance Bank is committed to helping its customers <\/span><span style=\"font-weight: 400;\">weather the impact of COVID-19 through various initiatives. <\/span><span style=\"font-weight: 400;\">Since March 2020, we have been providing assistance in the form of loan moratoria, loan restructuring and rescheduling, as well as BNM Special Assistance Funds to SMEs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWe are currently engaging our customers to offer payment relief assistance post-moratorium that is most suited to their needs,\u201d said Mr. Joel Kornreich.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cPublic health concerns as a result of the pandemic has resulted in a shift in customer preferences for remote interactions. Given the circumstance, <\/span><span style=\"font-weight: 400;\">w<\/span><span style=\"font-weight: 400;\">e are making it more convenient for customers to perform their transactions anywhere and anytime,\u201d added Mr. Kornreich. Alliance Bank is poised to be the first bank in Malaysia to roll out an eKYC solution that enables fully digital opening of a savings account, and application for a credit card or personal loan, without having to visit a bank branch or be visited by a bank officer.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For more information on the base rate, BLR and BFR revisions, please visit <\/span><a href=\"http:\/\/www.alliancebank.com.my\"><span style=\"font-weight: 400;\">www.alliancebank.com.my<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kuala Lumpur, 15 July 2020 \u2013 Alliance Bank Malaysia Berhad (\u201cAlliance Bank\u201d or the \u201cBank\u201d) today announced that it will reduce its Base Rate (\u201cBR\u201d), Base Lending Rate (\u201cBLR\u201d), and Base Financing Rate (\u201cBFR\u201d) by 25 basis points effective 15 July 2020. The Bank\u2019s Base Rate will be lowered from 2.82% p.a. to 2.57% p.a., [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-3148","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/3148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=3148"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/3148\/revisions"}],"predecessor-version":[{"id":3543,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/3148\/revisions\/3543"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=3148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=3148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=3148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}