KUALA LUMPUR: Maybank Investment Bank Research expects banks’ earnings to be reduced by 13% this year and by 15% next year following slower loan growth, net interest margins (NIM) compression, lower fee and investment income as well as higher credit costs.
“We now expect aggregate net profit to contract by 13% in 2020 with a modest growth of 2% in 2021 on still elevated credit cost, ” it said on Wednesday.
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