Research and consultancy, Tabbush Report

Daniel Tabbush

Research and consultancy

Tabbush Report

We provide research and consultancy on Asian banks. Our focus is on what we call “Asian bank research, without the noise.” We are interested in the most critical swing-factors for banks, the NPL and credit cycle, and where we believe there is a gap between perception and reality. We often focus on the less studied components of bank financial statements.  Our research is highly thematic, sometimes examining unlisted banks and companies as a window on mainstream banks. 

Being independent allows us to look at smaller banks, often overlooked by others. Analysis of BIS bank guidelines in the context of Asia, is also a focal point, while we also analyze global banks operating in the region. We use what we believe is the most comprehensive, reliable financials database, SNL Financial. S&P Capital IQ augments our database, with corporate data and CEIC, with economics. 

Asian bank research, without the noise.

Thematic (Sector/Industry)

<p>There are plenty of concerns with the outlook for lenders in Canada. Real GDP is weakening for the past few quarters, and where domestic credit growth is decelerating fast. Some economists believe the former causes the latter, although we believe credit growth is a key driver of economic growth. In either case, the outlook is not wholly positive for Canada. If though credit growth is a lead indicator of what to expect with economic growth, we can expect further deceleration.  This can then weigh on bad loan formation and worsening net interest income growth. </p>

There are plenty of concerns with the outlook for lenders in Canada. Real GDP is weakening for the past few quarters, and where domestic credit growth is decelerating fast. Some economists believe the former causes the latter, although we believe credit growth is a key driver of economic growth. In either case, the outlook is not wholly positive for Canada. If though credit growth is a lead indicator of what to expect with economic growth, we can expect further deceleration.  This can then weigh on bad loan formation and worsening net interest income growth. 

Canada Banks - Weakening Indicators Suggest Downturn in Credit Metrics

Canada

National Bank of Canada provides a full array of banking services, including retail, corporate and investment banking.  The Bank, through its subsidiaries, is involved in securities brokerage, insurance and wealth management, as well as mutual fund and retirement plan management.

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National Bank of Canada (NA CN)

Canada Banks - Weakening Indicators Suggest Downturn in Credit Metrics

There are plenty of concerns with the outlook for lenders in Canada. Real GDP is weakening for the past few quarters, and where domestic credit...

Daniel Tabbush

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