banking:Commercial bank profits surge in Quarter 2

The general performance of local commercial banks surged in quarter two of the year with banks registering a robust 220 per cent increase in net profits compared to the same period last year.Statistics from the central bank indicate that total loans issued by banks from January to end of June this year increased from Rwf331.3b to Rwf391.6b, showing quick recovery in the banking sector after the credit crunch that hit the world between 2008 and 2009.
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Times Reporter