Low loan levels keep pressure on credit unions
Central Bank report says sector still struggling despite recent improvements
A Central Bank report has found that credit unions remain under pressure despite some signs of improvement in their financial position.
Credit unions are also facing a squeeze on their incomes as lending levels remain low and many are generating little returns on their savings to pay dividends.
The Central Bank report – covering the period from 2012 to the end of September this year - said credit unions’ loan to asset ration had stabilised...
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