Loan losses erode results of domestic banking
Savolainen, Eero (20.10.2009)
Numero
3
2009
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-201408075022Tiivistelmä
Profitability of domestic banking weakened further in January June 2009. Banks are operating in a difficult environment: net interest income declined due to low market interest rates, and the economic recession reduced the demand for credit and boosted loan losses. In this context, banks results can be considered reasonable. Results in the second half of the year are clouded by uncertainty related mainly to the future trend in loan losses.