Bank Islam reduces base rate by 26bps


Acting chief executive officer, Mohd Muazzam Mohamed(pic), said the bank was on track to achieve its loan growth target of about 8% this year, predominantly from consumer banking segment.

PETALING JAYA: Bank Islam Malaysia Bhd has lowered its base rate to 3.77% per annum, following the cut in the country’s benchmark overnight policy rate (OPR).

Effective today, the bank’s base rate will be reduced by 26 basis points (bps) from 4.03%, slightly higher than Bank Negara’s 25-bps cut in the OPR on April 7.

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Bank Islam , BIMB , reduce , interest rates , Bank Negara , OPR ,

   

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