RHB Bank net interest margins expected to grow slightly

HLIB Research maintained its 'buy' call and target price of RM6.60 on RHB based on a 2023 financial year price-to-book ratio of 0.88 times.

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.

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.