BNK Group Provides Interim Trading Update; Reports 18% Growth In Total Loan Book

  • Jul 04, 2020 AEST
  • Team Kalkine

BNK Banking Corporation Limited (ASX:BBC) has provided an interim trading update for the months of April and May 2020 with the following highlights:

  • Total Loan book increased by 18% to $47.3 billion.
  • The Finsure monthly settlement volumes for April and May stood at $1.35 billion and $1.48 billion, respectively.
  • Finsure Aggregation loan book was up 20% YOY to $44.7 billion.
  • Wholesale settlements for the period was $70 million and loan book were $2.3 billion.
  • Transaction accounts increased 100% to $109 million.

Balance sheet of the company remains strong with $108 million cash and liquid holdings and a capital adequacy ratio of 20.97%.




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