KUALA LUMPUR: Malayan Banking Bhd (Maybank) foresees its net interest margin (NIM) to be flat this year with the expectation of another rate cut by 25 basis points (bps).
Its NIM compressed 9bps to 2.24% in 1H19 on lower Malaysian loan yields as a result of an Overnight Policy Rate (OPR) cut and higher deposit cost in overseas markets.
Maybank group president and CEO Datuk Abdul Farid Alias (pix) said a 25bps cut in OPR will impact its NIM by 1bps.
“We may change our funding structure and loan portfolio,“ he told a press conference after announcing its 1H19 financial results here today.
source https://www.thesundaily.my/business/as-another-rate-cut-looms-maybank-expects-flat-nim-this-year-YE1314144
No comments:
Post a Comment