BNK Banking Corporation Limited (AU:BBC) has released an update.
BNK Banking Corporation Limited has reported a turnaround in its financial performance for the first quarter of FY25, achieving an unaudited underlying profit of $0.784 million compared to a loss in the previous year. The bank’s strategic shift towards higher margin lending and optimized portfolio composition has contributed to an improved net interest margin, despite a decrease in its loan book and total deposits. With a strong capital adequacy ratio and a focus on sustainable profitability, BNK continues to navigate competitive pressures in the financial market.
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