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For most economies, 2023 was a trying year, but banks profited from high rates. What does 2024 have in store for global banking? With rates having likely peaked, banks will face higher funding costs. Factors such as slower economic growth, stricter regulations and growing geopolitical tensions will also weigh on banks in the coming months. ....
Fitch: Nigerian banks to see smaller FX revaluation gains in 2024 cnbcafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnbcafrica.com Daily Mail and Mail on Sunday newspapers.
“Asset quality risks will remain prominent, with households and businesses continuing to be hit by high inflation and high interest rates, and currency depreciation – as well as US dollar shortages in some cases”, it pointed out. ....
“Asset quality risks will remain prominent, with households and businesses continuing to be hit by high inflation and high interest rates, and currency depreciation – as well as US dollar shortages in some cases”, it pointed out. ....