Bank Islam Raises BFR To 6.3 Per Cent
KUALA LUMPUR, July 9 (Bernama) — Bank Islam Malaysia Bhd will revise its Base Financing Rate to 6.3 per cent per annum, effective July 13, from 6.05 per cent, at present.
Managing Director Datuk Seri Zukri Samat said in a statement Friday the revision was due to the 25 basis points hike in the overnight policy rate to 2.75 per cent on July 8.
Bank Islam last revised its BFR on May 18 to 6.05 per cent, from 5.80 per cent, previously.
Source : BERNAMA