(Alliance News) - Amigo Holdings PLC shares fell on Thursday after the lender said it expects flat loan
book growth through the current financial year.
Summary: Small improvements in profits and flat loan
Net interest income and net income from Islamic products were down by 3.6 per cent year-on-year, on the back of flat loan
In other words, bureaucrats would like to set a high, flat loan
rate for everyone.
The firm said that it is targeting flat loan
growth of between eight per cent and nine per cent for the financial year ended June 30, 2016.
book in H1 2014 compares unfavourably with the 5.1% average
Commercial International Bank, Egypt's biggest lender by market value, said stronger revenues and improved margins helped drive a 28% rise in second-quarter net profit despite flat loan
In addition to Greek jitters, financials pulled Hong Kong shares down more than 2.5% to a four-month low after a mainland newspaper reported flat loan
growth for the first two weeks of May by the country's "Big Four" state-owned banks, adding to concerns about an economic slowdown following weak data last week.
Average loans to other banks and associations in the Farm Credit System were essentially unchanged, reflecting relatively flat loan
demand at the producer level of the U.S.
- Balance sheet: Approximately flat loan
portfolio and deposits (1% QoQ on each), in line with the previously reported trends under RAS.
Loans from the Icelandic State Flat Loan
Fund increased by 23% from 2000 to 2001, reports the Icelandic newspaper Morgunbladid.
A particular sore area was Malaysia, where flat loan
demand and lower margins squeezed profits to pounds 60.5 million from pounds 207 million.