Chart step three: Reasonable PPP Mortgage Productivity Compacted Margins away from Community Banking institutions with a high PPP Coverage
The new absolute number of PPP money paid have quite offset their down productivity, while the people finance companies that took part a great deal more heavily on the program have viewed their attention money develop less. Graph cuatro plots of land season-over-seasons development in websites notice money for society banks with high and you will lower PPP exposures since 2020:Q2 and 2020:Q3, both household in the event the PPP was at procedure. Banks with a high PPP visibility educated net interest income development of 8 per cent and you can step 3 per cent across the season end into the 2020:Q2 and you can 2020:Q3, respectively.