The quarterly results were characterised by strong net interest margin pressure and ongoing asset quality deterioration. The group finally decided to outsource the management of its oversized NPLs portfolio in order to accelerate the balance sheet clean-up. The details including the financial terms will not be known for a few months. Management believes the group is in a position to post a profit this year but preferred not to give more precise guidance given the uncertainty created by the ma
23 Feb 2016
Net interest margin headwinds
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Net interest margin headwinds
- Published:
23 Feb 2016 -
Author:
David Grinsztajn -
Pages:
3
The quarterly results were characterised by strong net interest margin pressure and ongoing asset quality deterioration. The group finally decided to outsource the management of its oversized NPLs portfolio in order to accelerate the balance sheet clean-up. The details including the financial terms will not be known for a few months. Management believes the group is in a position to post a profit this year but preferred not to give more precise guidance given the uncertainty created by the ma