Bancolombia looks interesting, still want to look at it, on X U should find content from marxen and some others.
No EM bank, but NM (niche market), close to your .8x, should pay nice divis, maybe even reduce its high capital ratios, currently very strong ROEs due to higher rates ==> BNORDIK.
Even a German one: PBB is absolute shit and Trading as such (.3x), activist gave up, new ceo will come from db (bad sign?), and ROEs most likely stay low but at least with rather high payout ratio, hopefully. But if ROEs would ever increase ...
EMs you might want to look at: ProCredit, one bank in Slovenia
Bancolombia looks interesting, still want to look at it, on X U should find content from marxen and some others.
No EM bank, but NM (niche market), close to your .8x, should pay nice divis, maybe even reduce its high capital ratios, currently very strong ROEs due to higher rates ==> BNORDIK.
Even a German one: PBB is absolute shit and Trading as such (.3x), activist gave up, new ceo will come from db (bad sign?), and ROEs most likely stay low but at least with rather high payout ratio, hopefully. But if ROEs would ever increase ...
EMs you might want to look at: ProCredit, one bank in Slovenia
Interesting sector!
Rioss, thank you for the article! what look do you use to that automatically summarises earnings calls?
To add: If you have any companies that often have great economic forecasts in leading industries let me know!
I have somewhat hard time investing in EM banks when there are huge EU and NA banks trading at significant book discounts like Deutsche and Citi.