Affin Bank's 2Q net profit rises to RM118.58mil

KUALA LUMPUR: Affin Bank Bhd anticipates the normalisation of net interest margins (NIM) by the first half of 2025, underpinned by the expectation of a 50-75 basis points cut by the US Federal Reserve and improving economic conditions in Malaysia.

President and group CEO Datuk Wan Razly Abdullah said, however, that NIM is expected to compress in the