Banking Sector 1H2013 Earnings Review by CAL

Go down

Banking Sector 1H2013 Earnings Review by CAL Empty Banking Sector 1H2013 Earnings Review by CAL

Post  hariesha on Mon Sep 09, 2013 10:23 pm

Easing monetary stance yet to reap results

The Central Bank enforced an easing monetary stance from Jan 2013

In 1H2013, CBSL’s monetary easing led to a 254bps decline in AWPLR

Deposit rates followed a similar trend declining c.280bps YTD

However, loan growth continues to remain subdued (avg. of 6.5% YTD) as economic conditions remain sluggish

Private sector credit yet to pick up despite the rate cut (+4.4% Jan-Jul 2013 vs. +13.2% Jan-Jul 2012)

CAL revises private sector credit growth downwards to 12% for 2013E (previous 16%) 4
Attachments
Banking Sector 1H2013 Earnings Review by CAL Attachment
Banking Sector 1H2013 Earnings Review - Net earnings dip despite robust core profit growth - 09 Sep 2013.pdf You don't have permission to download attachments.(533 Kb) Downloaded 72 times

hariesha

Posts : 74
Reputation : 43

Back to top Go down

Banking Sector 1H2013 Earnings Review by CAL Empty Re: Banking Sector 1H2013 Earnings Review by CAL

Post  redbulls on Tue Sep 10, 2013 3:13 pm

Thanks a lot.
+ Rep

redbulls

Posts : 10
Reputation : 2

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum