KUALA LUMPUR: ''Bank Islam Malaysia Bhd is revising its base financing rate (BFR) from 6.30% per annum to 6.60% with effect from 12 May 2011.
In a statement Wednesday, May 11, Bank Islam managing director Datuk Seri Zukri Samat said the rate revision was due to the rise in Bank Negara Malaysia's Overnight Policy Rate by 25 basis points to 3% cent and Statutory Reserve Requirement ratio to 3%.
The last revision in Bank Islam's BFR was on July 13, 2010 when the rate was revised from 6.05 per cent to 6.30 per cent.
''
In a statement Wednesday, May 11, Bank Islam managing director Datuk Seri Zukri Samat said the rate revision was due to the rise in Bank Negara Malaysia's Overnight Policy Rate by 25 basis points to 3% cent and Statutory Reserve Requirement ratio to 3%.
The last revision in Bank Islam's BFR was on July 13, 2010 when the rate was revised from 6.05 per cent to 6.30 per cent.
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