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RBA Maintains Interest Rates Steady as Experts Signal Potential Peak in October 2023. ANZ, Westpac, and CBA Unify Around 4.10% as the Peak of the Current Cycle. Meanwhile, NAB Foresees a Possible 25-Basis-Point Increase by December, Possibly Pushing the Cash Rate to 4.35%. This Divergence in Projections Highlights the Market's Split: Some Grappling with High Inflation and Debt Repayment, While Others Speculate on Investment Opportunities with Less Concern.

During the quarter ending on March 31, 2024, United Bank (UBL - United Bank Limited) reported consolidated earnings of Rs. 16.1 billion, marking a 12 percent year-on-year (YoY) increase and a 19 percent quarter-on-quarter (QoQ) rise. Topline Securities noted that the result exceeded industry forecasts, primarily attributed to a gain on securities that surpassed expectations. In addition to the financial results, the bank declared a first interim cash dividend of Rs. 11 per share, which also exceeded anticipated figures. #UBL #billion #earn #increase

Stanbic IBTC Crosses N900bn in Market Valuation https://lnkd.in/daxRHAe7 Stanbic IBTC #marketvaluation

In the last month, the RBI came up with a notification that aimed at stopping banks and NBFCs from using the AIF channel as a way to artificially sustain or extend the life of their loans, or what is called “evergreening”. This seems to be a collaborative effort by the two regulators, SEBI regulating AIFs which are privately pooled investment vehicles with mostly sophisticated investors and the RBI regulating banks and NBFCs dealing with the nuance of stressed loans and its masking and treatment in the financials of the bank. In simpler words, banks and NBFCs are now restricted from investing in schemes of AIFs that have made investments in borrower/investee entities of the bank/NBFC. “Evergreening“ refers to a practice where financial institutions extend new credit to cover old debts, essentially masking the true status of those loans. In this case, it would mean investment money routed to the AIFs who in turn could repay their bad loans to avoid default. Since this process conceals credit stress, it delays the recognition of the stress and the on-time resolution. RBI has given a time period of 30 days to liquidate these investments. This move obviously was not taken well by the AIFs due to the obvious shrink in assets under AIFs. For banks and lenders, it would cause a potential mark-to-market loss on sale/making provision. While alternative restructuring methods can be examined, the objective of the RBI stands clear - hidden NPAs and evergreening as a principle needs to be curbed. #rbi #aif

AHL Alert: 17-Apr-2024 UBL announced earnings (PAT) today for 1QCY24 at PKR 16bn (EPS: PKR 13.05), depicting an increase of 12% YoY | 19% QoQ (4QCY23 EPS: PKR 11.0). The bank's earnings reached a peak this quarter, fueled by a substantial QoQ rise in non-interest income, despite a decrease in interest income during the same period. Along with the result, UBL announced a cash dividend of PKR 11/share. #KSE100 #PSX #Equities #Pakistan

Just upgraded our price target for Lloyds Banking Group shares to 63p from 55p on Investing Reviews. Justifications can be found below, and why bears should look beyond headline numbers to form their conclusions. https://lnkd.in/dwdxkynn #Lloyds #Halifax #Banking #Banks #Financials #Mortgages #MortgageRates #CPI #Inflation #Recession #UK #UKEconomy #Economy #FTSE #FTSE100 #StockMarket #StockMarketNews #News #Investing #Earnings

UBL - United Bank Limited has reported a record profit of Rs. 42 billion for the nine months ending in September 2023, a remarkable 126% increase compared to the same period last year. This exceptional performance is attributed to higher net interest income and provisioning reversals. UBL also announced a dividend of Rs. 11 per share, reinforcing its position as a leading dividend payer in the banking sector. #UBL #BankingSector #FinancialNews #ProfitSurge #RecordEarnings #BankingIndustry #DividendPayout #PakistanFinance #EconomicGrowth #BankingSuccess #FinancialPerformance #UBLResults #BankingDividends #RevenueGrowth #BankingProfits #EarningsReport #BankingNews #CorporatePerformance #StockMarket #PSX #FinancialReports #BankingInvestment #UBLStock #Shareholders #FinancialResults #BankingDividends #Profitability #InvestmentOpportunity #EarningsPerShare #BankingDividends

NAB Takes Advantage of Tight Tier 1 Spreads Following on from its half year results announcement last week, where NAB stated that it had a Common Equity Tier 1 ratio of 12.15% and a Total Tier 1 ratio of 14.13%, it was clear that the bank was sitting in an excellent capital position. Total capital was over 20% of its risk-weighted assets as at 31 March 2024. It is a similar story for the other major Australian banks – each of them showing a strong capital position. This is just one of the reasons that Tier 1 hybrid issues from the major banks are trading at comparatively very low margins for the Basel 3 structures that are issued these days. NAB took advantage of the tight secondary spreads to settle on an intention to issue $1 billion hybrid securities this week following a strong bookbuild. This was despite the margin for the issue being (at 90 Day BBSW + 2.60%) the lowest issue margin for a Basel 3 hybrid (which have been in use in the market since 2013). It was a smart move on NAB’s part for another reason. The extra 1.5% of loss-absorbing capital that APRA requires the majors to acquire before January 2026 is fast approaching.  The market (and APRA) presumes that the banks will issue the cheapest form of capital (Tier 2 subordinated bonds) to fill this requirement, however, any form of capital will do. A new issue of Tier 2 bonds from NAB would come at a total cost of around 6.00% (before tax). As it turns out, the new Tier 1 hybrid issue from NAB will cost around 7.00%. However, because this cost includes the value of the franking credits, the actual cash cost of the capital is around 4.90% - materially cheaper on a cash basis than the Tier 2 (again, noted as a before-tax benefit). Ultimately, while the cost differential here is a pre-tax one, it matters given the size of the issue and the delayed timing to receive tax deductions on issued debt. It is further evidence of NAB doing the right thing to alleviate their prudential capital requirements but also showing an important focus on enhancing shareholder value.           

🏦 RBI Keeps Repo Rate Unchanged: What It Means for You 📉 No Change in Repo Rate: RBI maintains the repo rate at 6.5%, signaling stability in monetary policy. 💰 Home Loan EMIs Unaffected: The decision to maintain the repo rate will have no immediate impact on home loan EMIs. 💳 Cash Deposit via UPI: Users now allowed to deposit cash in CDM/ATM machines using UPI, enhancing convenience. 📈 Market Rally: Auto, IT, infrastructure, commodities, and energy sectors lead the market rally, showing positive momentum. 🚀 Top Gainers: Pharma, FMCG, metals, and realty emerge as the top gainers, indicating sector-specific growth. To know more and explore opportunities in the financial market, contact Investsphere Wealth. 🌟 📞 +91 8975446462 🌏 www.investspherewealth.com #RBIMonetaryPolicy #RepoRate #HomeLoans #CashDeposit #MarketRally #TopGainers #FinancialNews #EconomicUpdate #Banking #Investments #InvestsphereWealth #LetsChat #ScheduleAConsultation

Flows into equity MFs drops 8.8% to Rs 6,026 cr in October: AMFI The monthly data from Amfi shows that net monthly inflows into equity schemes fell marginally in October. The net inflows was Rs 6,026.38 crore in October, marginally down from Rs 6,609.00 crore in September. The value-oriented category saw net outflows of Rs 228.74 crore in October. Read more click on the link: https://shorturl.at/rtLU0 #EquityMutualFunds #InvestmentTrends #AMFI #MutualFundFlows #OctoberPerformance #FinancialNews #AssetManagement #InvestmentOutlook #MarketTrends #FinancialData #MutualFundIndustry #InvestmentAnalysis #MarketStatistics #EquityInvesting #InvestmentInsights #FundPerformance #InvestorSentiment #MutualFundAssets #AssetManagementUpdates #InvestmentResearch