Bank earnings projected to grow 15% through FY28
after close1 source ↓machine-written, see hownot a recommendation
- through FY28
- 15% earnings CAGR
- lenders
- 20% CAGR
- credit growth
- 18.8% YoY
- accelerated
- 17% YoY
The banking sector is set to achieve a 15% earnings CAGR through FY28, driven by private lenders with a 20% CAGR. As of mid-September, system-wide credit growth was 18.8% YoY, supported by retail and corporate demand. Deposit growth accelerated to 17% YoY, enhancing business expansion prospects for banks.
Not investment advice. For informational purposes only.