Inconsistent Historical Cash FlowVolatile cash flows across recent years create uncertainty in funding and capital planning: negative OCF in 2023–24 and zeroes in 2025 show cash generation can reverse quickly, complicating reliable dividend, lending, and investment policies and raising cyclic sensitivity risks.
Elevated Reliance On DebtDespite improvement, dependence on debt funding remains meaningful, keeping funding and regulatory risk elevated. Persistent leverage swings can raise funding costs in stress, constrain strategic moves, and increase capital volatility, making the franchise more sensitive to macro and credit-cycle shifts.
Earnings And Revenue VolatilityIntermittent revenue declines and moderate ROE denote uneven franchise profitability. This instability complicates long-term forecasting and reduces buffer for shocks; modest returns relative to capital intensity mean the bank must sustain growth or efficiency gains to lift durable shareholder returns.