Moody's: South African banks' problem loans to rise in challenging operating environment
Limassol, November 08, 2016-- South Africa's challenging economic environment is likely to lead to a rise in problem loans at the country's four biggest banks, Moody's Investors Service said in a report published last night. However, credit risks should remain manageable, posing only moderate downside risks to banks' earnings. The report, "Standard Bank of South Africa, FirstRand Bank, Absa Bank, Nedbank: Peer Comparison-- FirstRand Bank is Best Placed to Face Economic Challenges", is...
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