Economic Research | Country Risk Weekly Bulletin | Country Risk Weekly Bulletin 524 | Higher funding costs and deteriorating asset quality are key bank weaknesses in 2018 | Lebanon | Byblos Bank

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Byblos Bank

Country Risk Weekly Bulletin 524

Home Economic Research Country Risk Weekly Bulletin 524 Higher funding costs and deteriorating asset ...
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Higher funding costs and deteriorating asset quality are key bank weaknesses in 2018

S&P Global Ratings expected the profitability of Turkish banks to weaken in 2018 despite their strong performance in 2017, due to a contraction in their net interest margin from higher funding costs, a slowdown in lending activity and an increase in the corporate income tax rate from 20% to 22%. It noted that lower credit support from the government's fiscal stimulus package, including the Credit Guarantee Fund, as well as tighter monetary policy to reduce inflationary pressure and limit the depreciation of the Turkish lira, would weigh on the banks' activity. Overall, it considered that rising funding costs and deteriorating asset quality remain key weaknesses for the banks in 2018.
Source: S&P Global Ratings
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Byblos Bank S.A.L., Byblos Bank Headquarters, Elias Sarkis Ave., Ashrafieh, Beirut

List of Banks No.39, CRB:14150, BDL Authorization No. 11/231 Dated 14 May 2005

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