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ICBC Confident in NIM Remaining Stable
Recommend 11 Positive 15 Negative 9 |
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At the results briefing, ICBC (01398.HK) President Liu Jun stated that the bank's A-/ H-shares rose by 9.7% and 19.4% respectively in 1H25, both outpacing the overall banking sector. After a period of share price appreciation, the dividend yield of the bank's A-/ H-shares has declined somewhat, but its dividend yield should still be higher than the funding cost of long-term liabilities and remain highly competitive compared to some wealth management products, based on the share prices as of August 28. Regarding the outlook for net interest margin (NIM), ICBC Vice President Yao Mingde said that the bank's annualized NIM and net interest yield were 1.16% and 1.3% in 1H25, down 8 and 13 bps YoY, respectively. Although the NIM was still on a downward trend, and the rate of decline had already narrowed, Yao stressed he was confident that the NIM would remain stable going forward. AAStocks Financial News |
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