BANKS’ net profit during the half year to June 30 increased to $15,1 billion, a 12,1 percent increase from $13,5 billion recorded in prior year due to an increase in transaction volumes.
In their third quarter investment market review for the period under review, Akribos Research Services said the banks’ profitability during the period under review was driven by non-funded income such as revaluations gains, fees and commissions.
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