Affin Bank raises reference rate 

by AKMAR ANNUAR

AFFIN Bank Bhd and its subsidiaries are revising their loan or financing reference rates upward by 25 basis points (0.25%) effective Nov 7, 2022. 

“This is following Bank Negara Malaysia’s announcement on Nov 3 which revealed that BNM’s Overnight Policy Rate has increased from 2.5% to 2.75%,” it said in a statement today.

Moreover, Affin Bank Fixed Deposit and Affin Islamic Term Deposit-i Board Rates will also be adjusted upwards effective Nov 7.