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Bank Profitability Decreased Due to the Reduction of Interest Rates
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According to the banking regulator and supervisor, in the first quarter, "the profitability of the asset (ROA) and the own capital (ROE) were reduced to 1.29% (-0.11 percentage points) and 13.94% (-1.54 percentage points) respectively).The central bank attributed this reduction to the reduction of the financial margin (principal income section of a bank, which is the difference between interest payments in deposits and interest rates collected i…
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