[ET Net News Agency, 29 May 2018] UBS Global Research said it met with the Big 4 banks,
along with CMB (03968), CITIC Bank (00988) and PSBC (01658), during its Beijing financials
trip and APAC Financials Conference last week.
Most banks still have an overall optimistic view regarding sequential NIM expansion,
backed by a faster increase in asset yields over funding costs.
However, while CMB expects NIM to expand on a full-year basis, sequential expansion is
less likely due to a high base in 1Q.
Banks generally foresee rising asset yields due to robust credit demand in the market
but disciplined loan growth quotas at banks.
On the deposit side, intensifying competition has driven up funding costs across all the
banks it met. UBS expects banks to put an increasing focus on competition for core
deposits for settlement purposes. (KL)
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01398 ICBC
Nominal 
4.110 -0.010 (-0.243%) Others
29/05/2018 18:01
[I-bank focus]Positive NIM outlook remains for China banks
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