RE: Just a thought19 Sep 2022 17:44
In the 1990s the average interest rate was around 10% so interest returns was massive for Banks
Today we are 6/7 fold bigger in balance sheet size ( 3 banks put together ) read the article ''total assets have ballooned to £886bn in 2022 . But profits have not kept pace with the bank’s balance sheet growth compares to total assets of £158bn in 1997 .
It's all down to interest income if interest rate hit 5% again
God we start seeing record profits IMHO
Note :
Lloyds Banking Group is a massive buy , if interest rates carry on rising , a money making machine once again like the 1990s