CIMB to increase BLR and BFR by 0.25 pct, effective Sept 13

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KUCHING, Sept 9: CIMB Bank Berhad (CIMB) and CIMB Islamic Bank Berhad (CIMB Islamic) will increase their Base Lending Rate (BLR) and Base Financing Rate (BFR) by 0.25 per cent effective Sept 13.

According to a Bernama report, the decision is in line with Bank Negara Malaysia’s (BNM) Overnight Policy Rate (“OPR”) increase of 25 basis points from 2.25 per cent to 2.50 per cent on September 8, CIMB and CIMB Islamic will effect a corresponding 25 basis point increase in their Standardised Base Rate (“SBR”), Base Rate (“BR”) and Fixed Deposit / Fixed Return Income Account-i Board Rates.

Similarly, all financing facilities based on the Base Lending Rate (BLR) and Base Financing Rate (BFR) will be increased by 0.25 per cent.

All rate changes will take effect on Sept 13. — DayakDaily