RHB expects steady net interest margin, flags pressures in FY2024

KUALA LUMPUR (Feb 27): RHB Bank Bhd, Malaysia’s fourth-largest bank by assets, said on Tuesday net interest margin may remain steady this year but flagged pressure from higher funding costs and slowing loan growth.

Net interest margin, a measure of profitability from lending, may come in at 1.8-1.9% in the financial year ending Dec 31, 2024 (FY2024) versus the 1.82% achieved last year, said…