AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
MALAYAN Banking Bhd (Maybank) expects its earnings for the year ending June 30 2002 to be affected by the recent cut in its base lending rate (BLR) as well as a smaller loan growth.
Tougher competition in line with the easier liquidity situation will also pose as a challenge to the group, said its managing director Datuk Amirsham A. Aziz.
"It (the interest rates cut) will definitely cause a negative impact on our bottomline," he told reporters after a shareholders' meeting in Kuala Lumpur yesterday.
"The full impact will be felt from the second quarter (of the financial year) onwards," he said.
However, the bank does not expect any dramatic …