BBK will have a rough year compared to peers like Stanchart. Their average cost of deposits was 1.6% vs 6.4% for Stanchart.
If the minimum is now 7.5% imagine the hit to their NIM using even half of customer deposits at Q2 as a benchmark.
The best a contrarian investor can do is to wait for Q3 numbers to have a sense of how bad things will be before throwing good money after bad.
Investment philosophy development in progress...