Affin Bank to focus on higher yielding loans in 2Q

The lender’s loan growth is expected to advance considering its growth-focused strategy and firmer economic expansion, said Hong Leong Investment Bank Research.

PETALING JAYA: The net interest margin (NIM) for Affin Bank Bhd is expected to widen in the second quarter of 2024 (2Q24), given its pivot to higher yielding loans and competition for fixed deposit is now less intense.

The lender’s loan growth is expected to advance considering its growth-focused strategy and firmer economic expansion, said Hong Leong Investment Bank Research.