BNK Reports Solid Q3 Performance, Exceeds Lending Target

BNK Banking Corporation Limited (AU:BBC) has released an update.

BNK Banking Corporation Limited has announced a stable loan book of $1.5 billion and an increased capital adequacy ratio of 20.7% in its Q3 FY24 update, despite a strategic decrease in total deposits aimed at improved margin management. The bank has exceeded its annual high-margin lending target of $100 million, three-quarters into the fiscal year, showcasing its success in the selective high-margin lending strategy. BNK’s focus remains on balancing cost management with sustainable growth in the competitive financial market.

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