Banks in for higher earnings


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PETALING JAYA: Higher earnings are envisaged in the banking sector this year compared with last year, albeit some pressure in the second half, underpinned by the gradual opening of more economic sectors and improved vaccination rates among the populace.

Analysts said the net interest margin (NIM) for the sector would likely improve, with the key benchmark interest rate expected to be maintained at 1.75%, which would translate to higher earnings.

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Banks , earnings , interest margin , RAM Rating , OCBC , CIMB , CGS-CIMB

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