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December 06, 2022

CreditSights says banks sustained growth during the first nine-months

The research firm said amid challenges, banks were able to growth during the period.

CreditSights reported that during the first nine months of the year, local banks sustained the first-half gains despite continued challenges.

The banks were able to exhibit positive momentum as loan growth and asset quality stayed resilient in the face of recent macroeconomic headwinds.

The firm also noted that net interest and fee incomes remained a good cushion for poor trading income.

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