Standard Bank's impairments have surged almost 50%, and it expects another rate hike in 2023 | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 80%

México Noticias Noticias

México Últimas Noticias,México Titulares

Africa's biggest lender Standard Bank says more customers are falling behind with their debt repayments after a rapid rise in interest rates, while it is also battling with increased risk of sovereign defaults on the continent. | News24_Business

The bank's South African consumer banking franchise's credit loss ratio is now higher than its target range.

In an update on Tuesday, it warned impairment charges surged almost 50% in the five months to end-May, hit by consumer strain, greater risk of sovereign defaults, but also growth in its loan book.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 4. in MX

México Últimas Noticias, México Titulares