News

Quake cools deposit war: KPMG

Tuesday 3rd of May 2011

Nevertheless, near zero lending growth, largely as a result of retail and business customers focus on paying down debt, is putting pressure on banks' net interest margins, although the trend from fixed-rate mortgages to higher-margin floating rate mortgages is helping to ameliorate this trend, KPMG says in its latest survey of financial institutions.

The banks are also actively repricing...

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