AMMB loses RM25m for every 25bp cut in OPR

AmBank Group chief executive officer Datuk Sulaiman Mohd Tahir: "Simply put, 25 bps is RM25 million a year, which is RM1 million for one bps, and that directly affects the profit."

KUALA LUMPUR: AMMB Holdings Bhd is expecting a loss of RM25mil in revenue for every 25 basis points (bps) cuts in the overnight policy rate (OPR), which has projected to be around 1.25-1.50 per cent for 2020.

The OPR is currently at a record low of 1.75 per cent, after being reduced four times year-to-date.