The outlook for 2024 is revised upwards to a net profit in the range of
At the release of our annual report for 2023 on 2 February this year, we guided for a full-year 2024 net profit in the range of
The profit upgrade follows our continually strong credit quality and expectedly small reversals of impairment charges for the second quarter of 2024. As such, we now expect full-year loan impairment charges to be up to
For the financial targets for 2026, we maintain our assumption for loan impairment charges of approximately 8 basis points through the cycle.
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