Before discussing the prospects of individual banks, we must assess the situation in the sector as a whole.

The banking sector has accumulated a lot of risks, which can be reflected in the graph below.

Fig.1.

The ratio between M2 and the monetary base characterizes the gap between loans issued and available free money.

Thus, banks depend on Central Bank money, which is very expensive.

And the next steps that could be expected from banks are either reducing loans and accumulating cash, or incurring losses.

We need to look at the situation from this angle this year.