The analysts expect a significant repricing of the retail activities of the major commercial banks, in particular. RMB Morgan Stanley recently conducted an in-depth investigation into South African banks and found that the picture was not as gloomy as some analysts thought.Banking shares have been taking a breather in recent months after their strong run following record lows in March in the aftermath of the global financial crisis. Since then results have reflected sharply rising bad debts and weaker growth in advances.
For the full story, please visit Fin24.com.
Share it!
