COVID–19 NEWS   COVID : 30.4 pct of children in Malaysia fully vaccinated | N Korea reports one additional death amid COVID-19 outbreak | S Korea to resume issuing short-term travel visas, e-visas next month | Biden's daughter tests positive for COVID-19 | MPN recommends govt to come up with new initiatives to help tourism sector | 
EXCLUSIVE PRESS

Bank Muamalat Malaysia Berhad Revises Upward Base Rate (BR), Base Financing Rate (BFR) And Fixed Term Account-i (FTA-i) Deposit Rates

13/05/2022 10:59 AM

KUALA LUMPUR, May 13 (Bernama) -- In response to Bank Negara Malaysia’s (BNM) decision on 11 May 2022 to increase the overnight policy rate (OPR) to 2.00%, Bank Muamalat Malaysia Berhad’s Base Rate (BR) and Base Financing Rate (BFR) will be revised upward by 25 basis points from 2.56% p.a. to 2.81% p.a. and 5.56% p.a. to 5.81% p.a. respectively, with effect from 13 May 2022. This will affect all floating rate financing packages pegged to the BR and BFR.

In line with the increase in BR and BFR, Bank Muamalat’s FTA-i deposit rates will also be revised upward by 25 basis points.


Bernama is the trusted source of reliable real-time comprehensive and accurate news for both the public and media practitioners. Our news is published at www.bernama.com ; BERNAMA TV on: Astro Channel 502, unifi TV Channel 631, MYTV Channel 121 IFLIX; and Bernama Radio broadcasting locally on FM93.9 in Klang Valley, Johor (FM107.5), Kota Kinabalu (FM107.9) and Kuching (FM100.9).

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

For full news, click here

© 2022 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy