Market Chatter: CCB Forecasts Slower Decline in NIM in 2024

MT Newswires Live09-03

China Construction Bank (HKG:0939, SHA:601939) expects a slower decline in net interest margin this year as lower deposit rates decrease costs, The Standard reported, citing President Zhang Yi.

CCB plans to boost its asset and liability structure while improving the pricing of deposits and loans to ensure stability in its net interest margin, the report said, citing Zhang.

Shares slipped 2% in Shanghai and 1% in Hong Kong during Tuesday's afternoon trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (HKD): $5.35, Change: $-0.080, Percent Change: -1.47%

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