Deloitte: Banks’ Profitability To Decrease Over The Next Year

10.10.2022 By Ecaterina Craciun

Banks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s invasion of Ukraine, supply chain disruptions, inflation rise, tightening monetary policy across the world and potential recession or stagflation in certain economies, but is expected to improve until 2026 and reach the current levels of return on assets, as per Deloitte Banking and Capital Markets Outlook for 2023.

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