Credit RiskCredit losses are expected to drift higher, with stress in the commercial real estate office portfolio, which could apply upward pressure to credit losses.
Earnings OutlookThe weaker net interest income guide for FY25 is a concern, though it is largely offset by an outlook for stronger fee income.
Financial PerformanceLoan growth has been disappointing, with a decrease in spot loans compared to the original forecast, which is seen as a downside risk.