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Resilience in the midst of uncertainty

Resilience in the midst of uncertainty
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Resilience in the midst of uncertainty

Resilience in the midst of uncertainty
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Lending cut affects banks' profit - Graphic Online

Graphic Online
BY: Maxwell Akalaare Adombila
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Banks suffered a modest growth in profit this year as a consequent for sacrificing lending for investments.
Although a strategy to help shield their loan books against COVID-19-induced risks, shifting from lending to investments constrained growth in the main revenue lines of banks at a time when provision for bad loans rose.
This resulted in the net profit of the banking sector growing by 5.9 per cent in the first two months of the year, down from 38.8 per cent in the same period last year, according to a Bank of Ghana (BoG) report ....

Banking Sector Development , வங்கி துறை வளர்ச்சி ,