"$20.7B from deposits was lent out to customers with some of the remainder being invested in interest-bearing securities such as bonds and treasuries."
I linked to your post in my Monday emerging market links collection post: https://emergingmarketskeptic.substack.com/p/emerging-markets-week-march-17-2025 I would think by now the big traditional/legacy banks have figured out how to do digital banking to compete with Nu etc - assuming they want to compete for the lower economic tier of customers... Not sure whether digital banks can get the more sophisticated wealthier and corporate customers who need more advanced financial products...
Thank you for this write-up.
"$20.7B from deposits was lent out to customers with some of the remainder being invested in interest-bearing securities such as bonds and treasuries."
https://api.mziq.com/mzfilemanager/v2/d/59a081d2-0d63-4bb5-b786-4c07ae26bc74/abb5b993-fc6b-c86d-4a75-fc2cb6236dfc?origin=1
Page 33, their interest earning portfolio is $11.2B and their LDR is 39%.
Thanks, Kristof, it seems I used the wrong figure, I will look into it and adjust.
This is a timely article considering the selloff. Great time to build conviction to add. Looking forward to the other articles.
Indeed, panics are great opportunities to add to quality companies.
added before i even saw this. good timing and great article
I linked to your post in my Monday emerging market links collection post: https://emergingmarketskeptic.substack.com/p/emerging-markets-week-march-17-2025 I would think by now the big traditional/legacy banks have figured out how to do digital banking to compete with Nu etc - assuming they want to compete for the lower economic tier of customers... Not sure whether digital banks can get the more sophisticated wealthier and corporate customers who need more advanced financial products...