Moody’s Investors Service has maintained a stable outlook on Pakistan’s banking system, pointing to a vibrant economy and growing financial inclusion.
The International Rating Agency mentioned in its latest report, titled “Banking System Outlook – Pakistan: Stable Outlook Supported by a Growing Economy and Robust Banking Finances”, that Pakistani banks have weathered the pandemic successfully.
The rating agency said it expects non-performing loans (NPL) to remain modest but broadly stable at around 9% of Gross Advances.
In terms of profitability, Moody’s added that it will increase moderately on new business and a gradual recovery in net interest margins.
Moodys also said that it expect Banking Sector Dividend Payouts to increase this year.
In addition, the rating agency expects Pakistan’s FY 2022 GDP to grow in the range of 3-5% and the economy to grow to 5% in FY 2023.
Latest posts by News Desk (see all)
- Sindh to get IT Projects worth PKR 5bn - June 3, 2022
- Pakistan committed to IMF Program: Miftah - May 27, 2022
- Pakistan’s Mango production likely to fall by 50 percent - May 27, 2022