KUALA LUMPUR, Sept 3 — Amanah Saham Nasional Bhd (ASNB) has advised Amanah Saham Bumiputera (ASB) investors taking ASB financing to contact their respective banks to obtain a lower financing rate following Bank Negara Malaysia’s reduction of the overnight policy rate (OPR).
In a statement, ASNB said the OPR reduction affects the base rate and base financing rate which determines ASB’s financing rate, adding that the OPR is currently at a historical low of 1.75 per cent.
Investors may contact the ASB financing advisory service centre at 03-7730 8899 to review their financing strategies and structures.
“The OPR reduction is part of efforts to stimulate the country’s economic growth due to the negative impact from Covid-19 on the global economy,” it added.
— Bernama
