Standard Chartered, Citibank, United Overseas Bank and OCBC are "losing ground" in Malaysia, according to a report by TA Research. The four foreign banks have seen their net interest income shrink for five consecutive quarters, with lower income from other assets and rising costs. In the first quarter of this year, they posted an operating loss of $US1.08 billion ($A2.06 billion), compared with A$4.02 billion last year.
Standard Chartered, Citibank, United Overseas Bank and OCBC are "losing ground" in Malaysia, according to a report by TA Research. The four foreign banks have seen their net interest income shrink for five consecutive quarters, with lower income from other assets and rising costs. The report also showed combined loan growth has eased, with lending in credit card advances and hire-purchase loans showing the sharpest decline.