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How fintechs are solving Pakistan's credit access problem

Formal credit penetration in Pakistan lags significantly behind emerging markets; only c3% of adults borrow from a financial institution or use a credit card, a much lower figure than a median 20% across selected emerging markets. Many of these indiv...
Tellimer Research Rohit
Rohit Kumar @ Tellimer Research 17 September 2021
How fintechs are solving Pakistan's credit access problem
How fintechs are solving Pakistan's credit access problem

Daily Credit Briefing

Top Credit Stories Bertelsmann (BERTEL) - Begins Majorel IPO process CNH Industrial (CNHI) - Iveco spin-off, new CFO and fixed-income roadshow Commerzbank (CMZB) - Cerberus open to acquiring 15.6% government stake, according to Handelsbla...
UniCredit Sven
Sven Kreitmair @ UniCredit 17 September 2021

Stanbic IBTC: Q2 21 – earnings continue to falter; we cut our target price

Stanbic IBTC’s Q2 21 profit numbers were significantly weaker than expected, even after the weak Q1. Net attributable profit fell 56% yoy, compared with our expectation of an 11% yoy increase. The CBN's persistent cash reserve ratio (CRR) debits cont...
Tellimer Research Busola
Busola Jeje @ Tellimer Research 17 September 2021

Thailand (Bualuang): Bank - Recovery to continue through 2022

We forecast 3Q21 Bank coverage aggregate earnings of Bt34.5bn, up 19% YoY but down 31% QoQ. Our models also point to aggregate profits of Bt169bn for 2021 (up 25% YoY) and Bt180bn for 2022 (up 6% YoY) driven by lighter LLPs, fair loan growth, and hig...
Bualuang Securities Poramet
Poramet Tongbua @ Bualuang Securities 17 September 2021

QUANT STRATEGIES IN THE CRYPTOCURRENCY SPACE

Cryptocurrencies have reached a market capitalisation of > $150bn. Backtesting quantitative strategies is difficult given a limited trading history & universe. Short-term Momentum works very well, classic factor investing strategies less so.
FactorResearch Nicolas
Nicolas Rabener @ FactorResearch 16 September 2021

Covered Bond & Agency Monitor - Dutch specialities (English version)

Dutch specialtiesCovered Bond market telegram: While the Euromoney/ECBC Covered Bond Congress is still running, we provide a rather short Covered Bond & Agency Monitor this week. Primary market was quite vivid. However, secondary trading was subdued....
UniCredit Franz
Franz Rudolf @ UniCredit 16 September 2021