Fifth Third loans decline in April to $6.2 billion - Business Courier of Cincinnati:

fusajacuxejilyp.blogspot.com
billion in loans in April, down from its Marchn levels, according to a report it makes tothe U.S. Treasury. Fifty Third’s loans fell about 13 percent fromthe $7.1 billionj in loans it made in March. But the figured is up from $5.5 billionm in February and $5.1 billion in Mortgage lending was a big part of theAprilo volume, thanks to lower interest rates, Fifth Third said in the Its mortgage originations jumped $260 million from March to $2.2 The vast majority of that $1.
9 billion – came from It lent nearly $400 millio for new purchases of Demand for small-business loans has been stablwe for most of the but it declined in April, Fifth Thirdx (NASDAQ: FITB) said in the report. Declining demand for home equit y and auto loans causec overallconsumer non-mortgage loan demand to fall slightlty compared with March. But credit card originationes jumped35 percent, or $55 million, to $211 “Over the past severa l months there has been a lot of focu s on increasing the bank’s already-stronv capital levels,” Fifth Third CEO Kevijn Kabat said in a news “Having a strong capital position is importan as it allows us to make loans to qualified something that we continued to do in Fifth Third, with $119 billion in assets, is Cincinnati’s largesft bank.
It has more than 1,300p banking locations in Ohio, Kentucky, Indiana, Illinois, Florida, Tennessee, West Virginia, Missouri, Georgia and North Carolina.