Money Market

Major Malaysian Banks Prepared for Basel Funding Rules-Fitch

3/10/2017/Fitch Ratings Most major Malaysian banks are unlikely to face difficulties in meeting net stable funding ratio (NSFR) requirements announced last week as part of Bank Negara Malaysia’s (BNM) implementation of Basel III regulations. The banking sector has already shifted towards more stable funding structures in recent years, which should […]

IMF raises concerns over weakness in Nigerian banks

11/10/2017/Punch Oyetunji Abioye, Washington DC The International Monetary Fund on Tuesday expressed concerns over weaknesses in Nigerian banks and said that the situation might weigh on economic growth in the medium term. The IMF stated this in its World Economic Outlook report, which was released at its headquarters in Washington […]

Banking Sector Q3’17 Earnings Outlook

Culled—Proshare October 11, 2017/CardinalStone Research  On the back of a review of the H1’17 results of banks under our coverage, we have made corresponding adjustment to our projections and valuations. Following our revision, UBA and FIDELITY tops our favourite list, whilst we downgrade STANBIC to a HOLD (previous rating: BUY). […]