The increase in net interest income compared to the first quarter of 2019 was primarily due to higher average balances
of loans and leases, partially offset by higher rates on deposit accounts and lower average cash balances.
This increase was driven primarily by the increase in the average balances
and rates of the company's loan portfolio, partially offset by higher interest expense from the increases in average balances
and rates on deposits and borrowings.
The average balances
of earning assets increased by 3.8% combined with an average yield increase of 0.24%, resulting in an increase in interest income of $15.6 million.
In fact, unlike past years' PLANSPONSOR Defined Contribution (DC) surveys, our latest found that plans with managed accounts overseen by an adviser have, overall, lower deferral rates and average balances
than other plans, although once you dig into the information, bright spots appear.
on monthly average balances
of QAR 5,000 and above.
The Junior Savings Account pays a high interest rate of 1.7% annually on monthly average balances
of QR5,000 and above.
These increases occurred primarily in our commercial and commercial real estate loan portfolios, our target markets, which grew 12 percent and 20 percent, respectively, comparing quarter over quarter average balances
9m 2013 mainly due to increase in average balances
of net loans to customers by 12.0% and in average interest rate on net loans to customers to 12.1% p.a.
or average retirement wealth must be calculated using multiple accounts.
The smallest average balances
were found in the London boroughs of Newham and Hackney.
One per cent of the average balances
of the society's Hospice Affinity Savings Accounts are donated to charity each year.