We reiterate a MARKETPERFORM rating for BID and lower our target price by 0.4% due to lower loan growth expectations. Projected 51.4% increase of provision expense in 2016 dampens profit growth, with NPAT growth estimated at just 4.8%. Moderate NPAT growth of 12.8% expected in 2017 as provision expense will not increase sharply next year, but loan growth will reduce due to strained capital.