Part 3/8:
Despite the remarkable quarterly results, banking executives remain cautiously optimistic. They anticipate further expansion of NIMs, albeit at a slower pace, as funding costs gradually catch up with the rising yields on assets. This means that while margins are expected to continue widening, the rate of growth may slow down.
Looking ahead to next year, banks are aware of potential hurdles, including a deceleration in growth due to persistent rate increases. Concerns about rising credit costs, whether from retail or SME portfolios, have been voiced by management. These factors suggest a tempered outlook amid looming risks.