New interest rate level forecast in Q2 2021 Business

New interest rate level forecast in Q2 2021

After staying at a low level last year, deposit and lending interest rates will probably increase in the second quarter of this year as credit demand is high again when the COVID-19 pandemic is controlled and the economy rebounds further, according to experts.
Bank profits enable rate cuts Business

Bank profits enable rate cuts

The banking sector’s profits were anticipated to rise significantly in 2017, driven by the handling of bad debts and the recovery of the property sector.
Credit growth lifts bank profits Business

Credit growth lifts bank profits

High credit growth has helped many commercial banks to gain impressive profits this year despite having to provide a larger amount for provisional fund.