Which banks have better efficiency?

This article first appeared in The Edge Malaysia Weekly, on August 26, 2019 - September 01, 2019.
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The recent rate cuts by central banks around the world have turned the spotlight on banking stocks. Theoretically, an interest rate cut is not good for banks as it reduces their net interest margin and thus, profitability. Given that global interest rates are expected to stay low, it is important that the banks operate efficiently. Donkey Stock checks out the best banks.