Banks' incredible numbers amid economic downturn

Recession? What recession? (Image: File)

Tue, 18 Mar 2025

KPMG’s recently released Financial Institutions Performance Survey on banks contains a wealth of information.Its timing is good, with the Finance and Expenditure Committee still analysing the banking sector. More information and data help provide clarity.One number leapt out: 0.08%, the ratio of impaired asset expense to average gross loans and advances. The prior year (2023) number was 0.12%. An impaired asset expense is the loss the banking sector provides for. The dollar amount for impaired asset expenses dropped from $640 million...

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