KUALA LUMPUR: CIMB Bank Bhd and CIMB Islamic Bank Bhd will enhance their base charge and glued deposit/Fixed Return (*18*) Account-i charges by 25 foundation factors on May 18, 2022.

In a press release, CIMB mentioned this was in keeping with Bank Negara elevating the in a single day coverage charge from 1.75% to 2%.

“Similarly, all financing amenities primarily based on the Base Lending Rate (BLR) and Base Financing Rate (BFR) will likely be elevated by 0.25%,” it mentioned.