Publications

The weekly growth of FX-adjusted credits accelerated from 0.3% to 1%. The acceleration was due to both consumer and commercial credits in the sector. Its 4w trend continued to move upwards for the 3rd week in a row and reached almost 0.7% (highest since June’24).

Profitability and NIMs of the banking sector stay under pressure due to high funding and RR costs and regulatory lending caps We expect the easing cycle of the CBRT to be a cautious combination of both rate cuts and easing over deposit and credit rules, helping the sector recover gradually 1Q25 onwards.

This year will be characterised by the ongoing implementation of the numerous and exhaustive regulations which have been approved in recent years to make bank balance sheets more resilient to crisis. We review the principal milestones of 2014 and 2015 and ask ourselves what the regulation agenda holds for 2016.