Affin, Alliance Bank to cut lending and deposit rates after OPR reduction

KUALA LUMPUR: Affin Bank Bhd, Affin Islamic Bank Bhd, and Affin Hwang Investment Bank will lower their loan and financing reference rates by 25 basis points (0.25%), following Bank Negara’s cut in the Overnight Policy Rate (OPR) from 3% to 2.75% on July 9.

In a statement, Affin said the revised rates will take effect on July 11.