Staff Reporter
,
Singapore
Here are the culprits.
According to Nomura, NIM was reported at 1.60% with 2H12 NIM at 1.56% or down by 8bps from 1H12.
"Looking at the breakdown, it appears that lower yields from bond investment (lower market interest rates as well as increase in lower yielding investments in short-term debt securities) and rising deposit costs (rising RMB deposit costs amid keen market competition) were the main drivers of the lower NIM, though they were partially offset by better loan yields due to better loan pricing of corporate and residential mortgage loans," Nomura said.
Join Hong Kong Business community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!