NIM compression could impact banks' income

Quick Summary:

PETALING JAYA: In the run-up to domestic banks releasing their fourth-quarter ended Dec 31, 2024 (4Q24) and full-year financial results in the coming weeks, analysts are expecting weaker quarter-on-quarter (q-on-q) earnings although year-on-year (y-o-y), financial performance should hold up.

Loan growth moderated to 5.5% y-on-y and 2% q-on-q but compared favourably against the 5.3% recorded in 2023.

While RHB Research does not expect deposit competition to be as fierce as 2023, it could still impact banks’ NII, although NIM compression could be lower than 4Q23’s 4-basis point drop.

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Category: EconomyBusiness

Markets: Malaysia

Topics: Finance Banking /Business/Business News NIM Profit Loan

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-13 @ 11:39:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

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News ID: 26111317

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