![]() ![]() We forecast a NIM of 1.80 per cent, 6 basis points below consensus expectations, and think the market could be underestimating the deposit beta given relatively weaker deposit franchise versus peers,” Mr Sproules wrote.Īt Macquarie, equities analyst Victor German also warned margin pressures were becoming more pronounced as competition to win deposits means they are more expensive for banks. ![]() “ At Bank of Queensland’s upcoming half-yearly result announcement we expect NIM to be a key focus for investors. That is the view of Citi broker Brendan Sproules, who told clients on Thursday that BoQ’s performance were likely to disappoint, adding that the bank could miss expectations around net interest margins because it has failed to gather deposits to fund its loan growth as fast as its peers.īoQ is facing higher compliance costs now, analysts say. Bank of Queensland’s relatively weak deposit base compared to its rivals and rising costs driven by compliance and risk management are expected to weigh heavily on its results when it reports next week.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |