CIMB sees marginal impact from OPR cut


MITI deputy minister Dr.Ong Kian Ming and MATRADE chairman Tan Sri Dr.Halim Mohammad witnessing the exchange of documents between MATRADE CEO Datuk Wan Latiff Wan Musa (left) and CIMB Group group CEO Tengku Datuk Seri Zafrul Tengku ABdul Aziz (right).

KUALA LUMPUR: The recent cut in the overnight policy rate (OPR) will only result in a marginal impact in terms of net interest margin (NIM) compression for CIMB Group Holdings Bhd.

Group chief executive officer Tengku Datuk Seri Zafrul Aziz said the full year impact for financial year 2020 (FY2020) was expected to be around three to four basis points (bps) of NIM compression.

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MITI , CIMB , MoU , trade financing , Zafrul , OPR , reduction , marginal , impact ,

   

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