External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>MCB conducted its 9M2023 corporate briefing today where the management discussed financial results of the bank and its future outlook.</li><li>On the macroeconomic outlook, the management expects GDP growth of 1.7-2.5% in FY24, fiscal deficit of 7.7% of GDP, inflation to soften at 23.6%, Current Account Deficit at 1.4% of GDP, and 10-12% currency devaluation considering external debt payments.</li><li>Despite monetary easing in 2024, the management expect earnings to remain stable in 2024 as savings deposit costs will adjust immediately, while repricing on investments will come with a lag. The management expects Net Interest Margins (NIMs) to remain stable in 2024.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

MCB conducted its 9M2023 corporate briefing today where the management discussed financial results of the bank and its future outlook.On the macroeconomic outlook, the management expects GDP growth of 1.7-2.5% in FY24, fiscal deficit of 7.7% of GDP, inflation to soften at 23.6%, Current Account Deficit at 1.4% of GDP, and 10-12% currency devaluation considering external debt payments.Despite monetary easing in 2024, the management expect earnings to remain stable in 2024 as savings deposit costs will adjust immediately, while repricing on investments will come with a lag. The management expects Net Interest Margins (NIMs) to remain stable in 2024.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Topline Flash Note: MCB Bank Limited (MCB): Corporate Briefing Key Takeaways

MCB Bank Ltd

Topline Flash Note: MCB Bank Limited (MCB): Corporate Briefing Key Takeaways