Investec has seen profits in the first five months of its 2023/2024 financial year, which it partially linked to an increase in interest rates.
and balance sheet growth; and partially offset by the effects of some of the strategic actions described above and the persistent macroeconomic uncertainty,” the group added.given the higher interest rate environment.” However, despite the expected revenue growth from interest rates, the group is still expected to report a credit loss ratio closer to the upper end of the through-the-cycle range of 25bps to 35bps.
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