Friday, July 02, 2010
KY Financial Institutions Show Growth
KENTUCKY...
The Kentucky Department of Financial Institutions (DFI) today released its 2009 annual report. While some declines can be expected due to the current economy, Kentucky financial institutions continue to hold steady or even improve in areas such as asset growth and profitability. For most of 2009, Kentucky was ranked eighth in profitability out of the 50 states by the Federal Deposit Insurance Corp., despite declines. And while the rest of the nation’s banks experienced negative asset growth, Kentucky’s 157 state-chartered banks increased total assets to $44 billion, which represented a 5.7 percent growth rate. Kentucky was one of only three states that had positive loan growth for every quarter in 2009.
# posted by Homer Owens @ 7:50 AM 
