ASNB advises investors to contact banks on ASB financing rate

KUALA LUMPUR (Bernama) -- Amanah Saham Nasional Bhd (ASNB) has advised Amanah Saham Bumiputera (ASB) investors taking ASB financing to contact their respective banks to obtain a lower financing rate following Bank Negara Malaysia’s reduction of the overnight policy rate (OPR).

In a statement, ASNB said the OPR reduction affects the base rate and base financing rate which determines ASB’s financing rate, adding that the OPR is currently at a historical low of 1.75%.