Banking sector: 3Q26 earnings growth to remain strong, driven by state-owned banks
Posted: Sep 29, 2026
- We forecast 3Q26 NPAT of listed banks under MBS Research coverage to increase by 19.1% YoY, mainly supported by NII growth and lower provisioning expenses at SOCBs;
- Credit growth of banks under our coverage is expected to continue accelerating in 3Q26, reaching around 12% YTD, lower than the same-period growth last year.
- We expect banks’ asset quality not to deteriorate further QoQ and to mostly improve YoY, as NPL pressure has not increased YoY while banks significantly stepped up provisioning in 1H26.
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