This, HLIB Research said, implies a 45-basis-point annualised net credit cost run rate for the remainder of the year. Meanwhile, RHB has indicated its net credit costs for the year could come in at the lower end of its earlier 30 to 40 basis point guidance, which is still in line with its estimates. In general, their tone was rather guarded,” the research house said. “We spoke to the management recently about some operational updates. HLIB Research noted RHB’s non-interest income remained subdued in the recently ended third quarter of the year. RHB Bank is still guided for net interest margins to widen by two to three basis points for every 25-basis-point rise in the OPR. “Further to this will be the expiry of using Malaysia Government Securities to meet the statutory reserve requirement compliance at the year’s end,” HLIB Research said. “Gains from the overnight policy rate (OPR) hikes are now broadly neutralised by price competition for fixed deposits, current accounts and savings accounts being run down. Hong Leong Investment Bank Research (HLIB) noted that RHB’s NIMs may grow by up to four basis points only now instead of up to six basis points as had been guided earlier. KUALA LUMPUR: RHB Bank Bhd may see its net interest margins (NIMs) expand slightly despite the anticipated effects of the overnight policy rate (OPR) hikes.
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