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Goddy Egene Vetiva Research has predicted that the banking sector will remain resilient despite high inflation and currency headwinds, projecting that banks’ profits would grow marginally in spite of decline in interest income observed in the first quarter (Q1) of 2021. The Lagos-based investment and financial advisory company also anticipated that there would be a rebound in the major component which dragged interest income in Q1, investment securities, which are expected to continue to rise through the second half (H2) of the year. The firm stated these in its H2 2021 banking outlook titled: “No country for old policies.” Commenting, the banking analyst at Vetiva, Joshua Odebisi said: “Due to the expansionary stance of the Central Bank of Nigeria (CBN) amid high inflation, we expect the banks to continue to enjoy low interest expense, whilst interest income from fixed income (FI) securities should improve marginally to give a modest upside to net interest in

Joshua odebisiGoddy egeneVetiva researchCentral bankDeposit ratioமைய வங்கிவைப்பு ரேஶியோ