China reopening likely to mitigate tightening NIM: OCBC chief Helen Wong
CHINA’S reopening will likely boost OCBC’s wealth and trade segments to mitigate the tightening of net interest margins, said the lender’s chief executive Helen Wong.
In an interview with The Business Times, Wong was optimistic that the bank’s operations across Greater China and the Asean region can allow it to capture fund flows in areas including wealth, investment and trade.
This comes as interest rates have likely peaked, even though stabilising interest rates should continue to contribute to net interest income.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Uber unveils US shuttle service, expands Costco tie-up to woo price-conscious users
Grab’s Q1 loss narrows to US$115 million; raises adjusted Ebitda target
Gold prices edge higher as US dollar, yields soften
Singapore shares advance after global indices hit all-time highs; STI up 0.5% at Thursday’s open
China’s Nio launches Onvo brand to challenge Tesla’s best-selling model
Sats picks former Cisco Apac head as chairman-designate