CIMB Bank And CIMB Islamic To Increase Lending And Financing Rates

KUALA LUMPUR, July 9 (Bernama) — CIMB Bank and CIMB Islamic Bank announced Friday that they will increase their base lending rate (BLR) and base financing rate (BFR) by 25 basis points.

The increase, from 6.05 per cent to 6.3 per cent, will take effect from July 13, 2010, CIMB Group said in a statement Friday.

Correspondingly, the rates on a range of savings and fixed deposit products will be increased by up to 25 basis points, the group said.

The change in rates followed Bank Negara Malaysia’s decision to increase the overnight policy rate (OPR) by 25 basis points to 2.75 per cent on July 8, 2010.

Source from : BERNAMA

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