BNK Banking hits straps with record high-margin March quarter
BNK Banking Corporation reported a record net interest margin of 2.11 per cent for the March quarter, driven by growth in its higher-yielding commercial loan book, which doubled to over $210 million in 12 months. The bank achieved record net interest income of $6.3 million and reported an underlying profit after tax of $621,000 for the quarter. Strong deposit growth and improved asset quality, including lower loan arrears, supported the bank's performance amid rising interest rates.
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