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Good Results, But...

The Valencian banking entity Bancaja yesterday revealed that it had managed to secure profits of 99 million Euros for the first quarter of this year, an increase of 17.6% over the same period of 2006. The bank has apparently managed to reach this figure by increasing its credits to clients to over 71 million Euros, despite operating a ‘prudential’ policy that has enabled the bank only to have a 0.56% ration of bad debtors. The Bank also revealed that ‘the market is starting to show signs of difficulties, such as a slight delay in clients fulfilling payment obligations.

Author: Valencia Life
Created: 2007-04-24 15:43:42 | Updated: 2007-04-26 11:46:52

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