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Operating profit of most banks increased in the outgoing year

by Afonso
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The banking sector was in various crises including decline in import-export trade, slowdown in remittance flow, liquidity deficit, increase in defaulted loans. However, the operating profit of most banks increased in the outgoing year. Bank officials say, increased interest income at the end of the year, benefits from low interest deposits. However, analysts say that after accruals against defaulted loans, the income picture will be different. details

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