Good results for the Group given the tough circumstances that have continued spilling over from FY 2017.
The NIM has been squeezed given I&M the reduced CBR.
Impairments +500mn YOY
Mauritius JV +100% YOY so a bright spot for the Group.
I need to look at the balance sheets for the group and individual banks/subsidiaries.
Overall:
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett