Banking sector shows growth in 3rd quarter
Taking advantage of strong economic growth this year, two of the country’s largest banks have posted strong third-quarter earnings. Acleda Bank yesterday reported a net profit of $32.68 million in the first three quarters of the year, almost double the amount over the same period last year. In Channy, CEO of Acleda, said profits had risen mainly due to good performance in the tourism and garment sectors, creating opportunities for banks. …Canadia Bank, meanwhile, saw gross profit grow 50 per cent to $33 million in the first nine months of the year compared to the same period in 2010…
