margin compression is the real story here, not the loan book. rates coming down eventually but deposits are…by @k_maphosa on $CPI

margin compression is the real story here, not the loan book. rates coming down eventually but deposits are sticky expensive now, cost to income only buys you so much time. absa and fnb already feeling it too but cpi's retail base is cheaper to fund, that's the edge. long term yeah but next 12 months sideways ish.