Banks post robust profits, increase lending

The performance of commercial banks in the country improved significantly with credit to the economy growing by 10 percent in the first quarter of 2011 compared to the same period last year.Statistics from the central bank indicate that total loans issued by banks from January to March this year increased to Rwf404.33 billion from Rwf367.04 billion, which is a sign of a steady recovery in the country’s credit market.
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Times Reporter