CTG [BUY +24.5%] - Easing provisioning costs to boost earnings in H2 - Update
  • 13 Aug 2018
  • Company Research
We update CTG with a BUY rating with a total return of 24.5%, including dividend yield. Our TP is lowered by 14% due to a small increase in the portion of retail lending to offset upward pressure on funding costs. We forecast NII to grow by 15% YoY in 201