SA’s weak economic growth will weigh on local banks in 2019, Moody’s says
Ratings agency Moody’s Investors Service says local banks’ profitability will be muted, although the situation will be manageable
10 June 2019 - 11:13
SA’s weak economic growth prospects will weigh on the performance of local banks in 2019, but this situation will be manageable, Moody’s Investors Service said on Monday.
Business opportunities and loan demand should be muted in 2019, but diversified revenue within SA’s largest banks as well as low levels of corporate debt mean the pressure on banks’ asset levels should be under control, Moody’s lead sovereign credit analyst for SA, Lucie Villa, said on Monday...
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