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Business > Top Business
Maybank: Banking sector outlook now neutral
By Niña Myka Pauline Arceo
Aug 22, 2023 12:32 am

MAYBANK Investment Banking Group has downgraded its outlook for the Philippine banking sector from 'overweight' to 'neutral' on account of declining banking loan growth and peaking of net interest margin (NIM).

'With universal and commercial banks (UB/KB) loan growth decelerating... and the anticipated NIM compression in the fiscal year 2024, we downgrade our view on the banking sector to neutral,' Maybank IBG said in a report on Monday.

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