Indonesian banks reap geographic benefits, study finds – Economy

0
26

Mark Lempp (The Jakarta Post)

PREMIUM

Jakarta   ●  
Fri, December 2, 2022

Banks in Indonesia and other countries of the region stand to gain from a stronger macroeconomic outlook, while European lenders face much bleaker prospects, according to McKinsey & Company, but emerging markets as a whole are no longer what they used to be.

Profitability in the banking industry reached a 14-year high in 2022 with expected return on equity (ROE) of 12 percent and revenue growth propelled by a sharp increase in net margins as interest rates rose, the management-consulting firm says in its Global Banking Annual Review 2022.

The projected increase in profitably comes after a decade of more or less flat ROE at around 8 percent.

to Read Full Story

SUBSCRIBE NOW

Starting from IDR 55,500/month

  • Unlimited access to our web and app content
  • e-Post daily digital newspaper
  • No advertisements, no interruptions
  • Privileged access to our events and programs
  • Subscription to our newsletters

Or let Google manage your subscription

Source