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S&P Global Market Intelligence CONTRIBUTOR
Richard Ferraris is a London-based industry editor for S&P Global Market Intelligence's EMEA financial institutions group.Full Bio

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Oct 2021
News

Absa, Nedbank set the standard in South Africa's low-rate environment

Among South Africa's banks, Absa Group Ltd.'s aggressive lending and Nedbank Ltd.'s reliance on retail borrowers have put them in a stronger position to navigate the lower-rate environment versus their peers. The South African Reserve Bank cut the benchmark repo rate several times in 2020 to stimulate the economy and to mitigate the economic effects of COVID-19. The rate curren...

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    Oct 2021
    News

    Southern European banks face asset quality hit due to climate change

    Southern European banks with overhangs of toxic loans from previous crises could face higher loan losses due to physical risks associated with climate change. The European Central Bank's climate stress tests showed that more than 60% of bank loans in Greece, Portugal and Spain are exposed to high physical risk, which is defined as more than 1% probability of a firm suffering fr...

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