The first-quarter results came in above expectations driven by a record low cost of risk. Management reiterated its guidance not only for 2022 but also for 2023. Not only is the Ukraine invasion not expected to derail the group’s profit trajectory but it could boost this on an 18/24-month perspective as interest rate hikes percolate through to the top line.
21 Apr 2022
The misfortune of some is the happiness of others
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The misfortune of some is the happiness of others
- Published:
21 Apr 2022 -
Author:
David Grinsztajn -
Pages:
2
The first-quarter results came in above expectations driven by a record low cost of risk. Management reiterated its guidance not only for 2022 but also for 2023. Not only is the Ukraine invasion not expected to derail the group’s profit trajectory but it could boost this on an 18/24-month perspective as interest rate hikes percolate through to the top line.