SMH
·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, with net interest income jumping 6 percent to $6.3 million. The Perth-based lender's commercial loan book doubled to $210 million in 12 months, driving the performance. Underlying profit after tax reached $621,000, while loan arrears fell significantly across residential and commercial portfolios.
Summary by Glance · SMH
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