RHB Bank net interest margin improving

Kenanga Research said the bank's NIM will likely remain softer compared to FY22.

PETALING JAYA: RHB Bank Bhd’s net interest margin (NIM) has reverted positively in the third quarter of financial year 2023 (3Q23), an indication that downside pressure is subsiding, says Kenanga Research.

However, near-term challenges may drag certain metrics, which have led to lower financial year 2023 (FY23) guidance by the group.