In the third quarter of this year, the profit of the banking sector in the USA increased by about 36 percent compared to the same period last year, reaching $ 69.5 billion.
NET PROFIT OF BANKS IN THE THIRD QUARTER OF THE BANKING SECTOR IS $69.5 BILLION
In the statement made by the USA Federal Deposit Insurance Corporation (FDIC), it was stated that the net profit of 4,914 commercial banks and savings institutions was calculated as $ 69.5 billion in the third quarter of this year.
PROFITABILITY HAS INCREASED 36 PERCENT
It was stated in the statement that the said profit increased by 36 percent compared to the same period of the previous year, and that this increase was due to economic growth and improving credit conditions.
In the statement, it was stated that bank profits decreased by 1.2 percent in the third quarter of this year compared to the second quarter.
FDIC Chairman Jelena McWilliams stated that with strong capital and liquidity levels, the banking sector continues to support the country's financial services needs as it copes with the challenges posed by the coronavirus outbreak.
"The banking sector reported strong earnings in the third quarter of 2021, supported by continued economic growth and further improvements in credit quality," McWilliams said. used the phrase.
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