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[LISTEN] SA's banking environment is stable and the large banks are in quite a strong position: Francois Prinsloo on MoneywebNOW commenting on pwc_za's Major Banks Analysis report. finance financenews Download the podcast
SIMON BROWN: I’m chatting now with Francois Prinsloo, PwC Banking and Capital Markets industry leader. Their [SA] Major Banks Analysis report came out yesterday afternoon. Francois, I appreciate the early morning. The key takeaway, and one of the top points you make is that the South African major banks have delivered really good performance against more supportive conditions. In other words, it was easier for them.
FRANCOIS PRINSLOO: Yes. I think you are exactly right. The books have been managed well. There’s been a significant focus clearly on collection, and the banks have also been quite adaptive in their risk appetite in terms of origination. So, if we look at the latest set of results, gross loans increased around 6.6% compared to last year, particularly in the secured products environment.
FRANCOIS PRINSLOO: Yeah, certainly. I think our banks have performed very well. I think you’re right. From a regulatory environment they are well managed [with] strong oversight, and they’ve retained liquidity and capital levels at strong levels. So overall I think our banking sector remains strong and stable. We’ve seen that with the resumption of dividends to shareholders, which is good news.A last point.
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