ASNB advises investors to contact banks on ASB financing rate

  • Investment
  • Wednesday, 02 Sep 2020

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%.

Investors may contact the ASB financing advisory service centre at 03-7730 8899 to review their financing strategies and structures.

"The OPR reduction is part of efforts to stimulate the country’s economic growth due to the negative impact from COVID-19 on the global economy,” it added.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

ASNB , ASB , overnight policy rate , financing


Did you find this article insightful?


95% readers found this article insightful

Across the site