Bank Negara Slashes OPR By 50 Basis Points To 2.0%
Bank Negara Malaysia (BNM) has reduced its overnight policy rate (OPR) by 50 basis points from 2.5% to…
Bank Negara Malaysia Ensures Sufficient Ringgit Liquidity In Onshore Market
Bank Negara Malaysia (BNM) has reiterated its commitment to ensuring there is sufficient ringgit liquidity in the onshore…
Citi Malaysia Offers Automatic Moratorium With No Compounded Interest
Citi Malaysia has announced that it will be waiving the compounded interest for conventional loans during the upcoming…
Alliance Bank Is The Latest Bank To Announce No Compound Interest On Loans For Moratorium
Alliance Bank has announced that interest on its conventional loans for individual and SME customers will not be…
Maybank: No Compounding Interest For Individual, SME, And Corporate Loans During Moratorium
Maybank has also decided that it will not be compounding interest for loans during the moratorium period. All…
RHB Will Also Not Charge Compound Interest During The 6-Month Moratorium
RHB Banking Group (RHB) has announced that it will not be compounding interest during the 6-month moratorium laid…
HSBC Malaysia Will Not Be Compounding Interest On Loans During Moratorium Period
HSBC Malaysia has announced that it will not be compounding the interest charged for its loans during the…
Bank Negara Releases FAQ On Loan Deferment Measures
Bank Negara Malaysia has announced several loan repayment deferment measures for households and small and medium-sized enterprises (SMEs)…
Outstanding Credit Card Balances To Be Converted To 13% p.a. Term Loans
Banks will convert outstanding credit card balances into 3-year term loans with a 13% p.a. interest rate to…
BNM: Essential Financial Services Including ATMs To Remain Accessible To All
Bank Negara Malaysia (BNM) has assured the Malaysian public that essential financial services will remain accessible to all…