CIMB Announces Increase In Interest Rates

In line with Bank Negara Malaysia’s (“BNM”) Overnight Policy Rate (“OPR”) increase of 25 basis points from 1.75% to 2.00% on 11 May 2022, CIMB Bank Berhad and CIMB Islamic Bank Berhad will effect a corresponding 25 basis point increase in their Base Rate 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%. All rate changes will take effect on 18 May 2022.

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