The Age
·general
·3 hours ago
BNK Banking hits straps with record high-margin March quarter
BNK Banking Corporation posted a record net interest margin of 2.11 percent in the March quarter, driven by a strategic shift toward higher-yielding commercial lending that doubled its commercial loan book to over $210 million. Net interest income jumped 6 percent to $6.3 million, while underlying profit after tax reached $621,000 as loan arrears declined across the portfolio.
Summary by Glance · The Age
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