RHB sees no further OPR cut as economy gradually recovers | Malay Mail

📆 8/28/2020 4:19 PM
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KUALA LUMPUR, Aug 28 — RHB Bank Bhd expects no further cut in the overnight policy rate (OPR) this year, following the staggered re-opening of various sectors in the country to enable the country to recover at a faster pace. Group managing director Datuk Khairussaleh Ramli said the optimism is...

Malaysia's RHB Bank logo is seen at its branch in Kuala Lumpur in this September 4, 2013 file photo. — Reuters pic

“We still see the numbers bouncing back from the low in April and May this year.. therefore, we see no reason to reduce the OPR for now. Meanwhile, in preparation for the end of the moratorium at end-September, RHB had mobilised a “Credit War Room”, setting up credit strategy in response to the pandemic and coordinated efforts to ensure consistent and structured response across the group.

“Efforts have been further intensified to reach out to customers through various communications channels: phone calls, physical visits, SMS blasts, SME Helpdesk, email and electronic direct mailers, social media blasts and TV,” he said.

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