Page 47 - Annual Report 2019
P. 47

44  ANNUAL REPORT 2019                                                                                                  SUPERVISION AND AUTHORISATION






            7. Net interest margin













         Percent










                    JAN  FEB  MAR  APR  MAY  JUN  JUL  AUG  SEP  OCT  NOV  DEC  JAN  FEB  MAR  APR  MAY  JUN  JUL  AUG  SEP  OCT  NOV  DEC

                                            2018                                                    2019
              NII     NIM      Interest yield  Interest cost



            Net interest margin (“NIM”) remained under pressure for the majority of 2018 and 2019,
            reflecting tight spreads amidst a competitive business environment. However, NIM
            reflected an improving trend in the last quarter of 2019, partially attributable to the
            slightly higher level of lending towards the end of 2019. Cost of funds largely moved
            in tandem with interest revenues, and increased slightly towards year-end 2019.
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