Major banks to see lingering NIM contraction
Bareksa • 05 May 2014
As lenders saw their profits slump in the first quarter of this year, several bankers said that they were expecting further decline throughout the year as risin - (The Jakarta Post)
The higher rate triggered lenders to jack up their deposit rates to secure liquidity
The Jakarta Post - As lenders saw their profits slump in the first quarter of this year, several bankers said that they were expecting further decline throughout the year as rising costs overshadow their earnings.
According to the latest financial reports published by the top 10 largest banks by assets, a majority of them recorded a lower net interest margin (NIM) and higher expenses during the January to March period.