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Home » Banks profit increase to over $15 billion

Banks profit increase to over $15 billion

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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.

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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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