KUALA LUMPUR, May 12 (Bernama) — In line with Bank Negara Malaysia’s (“BNM”) Overnight Policy Rate (“OPR”) increase of 25 basis points from 1.75% to 2.00% on 11 May 2022, CIMB Bank Berhad (“CIMB Bank”) and CIMB Islamic Bank Berhad (“CIMB Islamic”) will effect a corresponding 25 basis point increase in their Base Rate and Fixed Deposit / Fixed Return Income Account-i Board Rates. Similarly, all financing facilities based on the Base Lending Rate (“BLR”) and Base Financing Rate (“BFR”) will be increased by 0.25%. All rate changes will take effect on 18 May 2022.
About CIMB
CIMB is one of ASEAN’s leading banking groups and Malaysia’s second largest financial services provider, by assets. Listed on Bursa Malaysia via CIMB Group Holdings Berhad, it had a market capitalisation of approximately RM55.3 billion as at 31 December 2021. It offers consumer banking, commercial banking, wholesale banking, transaction banking, Islamic banking and asset management products and services. Headquartered in Kuala Lumpur, the Group is present in all 10 ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, Cambodia, Brunei, Vietnam, Myanmar, Laos and Philippines). Beyond ASEAN, the Group has market presence in China, Hong Kong, India, South Korea, the US and UK.
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