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. According to TA Research, the combined net interest income (NII) of Standard Chartered, OCBC, Citibank and UOB’s Malaysian operations have contracted for five straight quarters. 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. 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.