Intellidex is a leading research and consulting firm that specialises in capital markets and financial services in Africa.
Intellidex is SAMRA Accredited
Posted in: Intellidex in the media on March 24, 2021
Business Day TV’s Michael Avery and guest experts unpack the bank earnings report released by PwC Africa. Intellidex senior banks analyst Nolwandle Mthombeni commented on the big four banks. Key issues were: a 6.2% non-performing loan ratio tells us there is deterioration in Absa’s book overall but at another level it is also due to management conservatism; FirstRand has largely closed the taps, saying that the environment is too risky for lending; Nedbank has huge exposure to commercial property and we have seen it come under pressure due to the high vacancies; and Standard Bank managed record disbursements of home loans.
Watch the interview here.
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Intellidex is a leading research and consulting firm that specialises in capital markets and financial services in Africa.
Intellidex is SAMRA Accredited
