Bank profits fell by 46% in the first quarter of 2020

The banking sector accumulated a 46% lower gain in the first four months of 2020 than in the same period of 2019. In financial intermediation, the banks lost, and this year they are failing again. The credit part is dead, and the liability rates have the floor, so the margin is not right. The gain comes from trading and the difference in the exchange rate.

Source: Ámbito