OP-prime to rise to 3.50 per cent

OP Financial Group is raising its OP-prime rate from 3.20 per cent to 3.50 per cent. This change will take effect on 16th of October 2023. The raising of the interest rate is based on rising market rates. 

OP-prime is a reference rate that regulates some of OP Financial Group's borrowing and lending rates. OP-prime was last changed in June 2023.