Fitch expects banks to tighten purse strings to counter defaulters
Households’ finances remain under pressure from higher cost of living and interest rates
31 July 2023 - 05:00
Ratings agency Fitch expects SA banks to follow a cautious approach to credit extension in 2023 in response to a rise in impairments.
Olga Ignatieva, senior director at Fitch Ratings, said household finances remain under pressure from 2022, affected by the higher cost of living and rising interest rates constraining the debt servicing capacity of many borrowers...
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