sparkly wrote:obiero wrote:sparkly wrote:^PBT or PAT?
It cannot be PAT
Looks overly optimistic... rate cap.
Larger banks reported increased refinance requests implying a larger book even with the reduced rates. Plus appraisal fee as well as credit risk insurance was introduced by all the tier 1 lenders in Q4.
Previously, banks pegged FD rates on the Tbill, offering upto 21% early 2016 but now the most anyone can get as an FD rate is 70% of CBR; apart from smaller lenders who are desperate for liquidity. Finally, a silent exodus is in the offing from smaller to larger banks by all segments i.e retail, SME, corporate. We wait to see
COOP, IMH, KEGN, KQ, MTNU