Gold Finance cos may be value traps if loans don’t pick up: Investec - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Tuesday, 19 July 2022

Gold Finance cos may be value traps if loans don’t pick up: Investec

“We view gold financiers as value traps if loan growth does not pick up,” it said. Investec said gold prices and ticket sizes have been the drivers of loan growth but customer base growth has remained weak. Moreover, the competition remains intense with commentary from leading banks suggesting that their focus on gold loans will remain in FY23.

from Commodities-Markets-Economic Times
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