Moody’s rates SA banking outlook stable despite weak conditions
The ratings agency expects the profitability of banks to remain firm despite slow business growth in 2020
10 September 2019 - 10:40
The profitability of SA’s seven-largest commercial banks should remain resilient through the course of 2020, despite low business confidence and stagnant income growth for SA citizens, Moody’s Investors Service said on Tuesday.
While subdued growth will constrain the growth of balance sheets for SA banks and reduce loan growth, capital will remain resilient and comfortably above regulatory minimums over the next 18 months, Moody’s said in its latest banking system report for SA...
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