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BUSINESS

Affin to raise reference rates by 25 bps

06/07/2022 10:32 PM

KUALA LUMPUR, July 6 (Bernama) -- Affin Bank Bhd, Affin Islamic Bank Bhd and Affin Hwang Investment Bank will revise upwards their loan/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 on Wednesday (July 6, 2022).

“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

 

 


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