1132 GMT - The sharp move in the Hong Kong dollar-based interest rate benchmark to 0.9% from 4.0% threatens to hurt the net interest income of U.K. Asia-focused banks Standard Chartered and HSBC, Citi says. This will weigh on NII in the second and third quarters due to short term pressure on asset yields and the repricing of some mortgages, analysts write. Whether HIBOR will reconverge with US LIBOR will be key, they add. Their models assume this will happen by year-end. They are disappointed with HSBC's new disclosure on NII and non-NII. This change makes it harder to compare performance to peers. However, the non-NII growth for both banks has been impressive. This has been driven by their financial markets and wealth activities. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
June 03, 2025 07:32 ET (11:32 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。