Affin to raise loans, financing reference after hike in OPR

KUALA LUMPUR - Affin Bank Bhd, Affin Islamic Bank Bhd and Affin Hwang Investment Bank will revise upwards their loan and financing reference rates by 25 basis points (bps), or 0.25 per cent, effective July 8, 2022.

Affin Bank said this was followed by Bank Negara Malaysia's (BNM) announcement to increase the overnight policy rate (OPR) to 2.25 per cent from 2.00 per cent today.

"In line with the revision, Affin Bank fixed deposit and Affin Islamic Bank term deposit-i board rates will also be adjusted upwards, effective July 8, 2022," it said in a statement today. - Bernama