Abay Bank's Revenue Soars, Profit Margins Feel the Squeeze in Costly Growth Push

“Due to the monetary policy restriction and other issues, the loan growth was low,” he conceded. However, Abdulmenan Mohammed (PhD), a financial analyst based in London, blamed the effect of heightened expenditures, from a 33.1pc climb in interest expenses to a 27.7pc jump in wages and benefits, which reached 2.51 billion Br. Other operating expenses soared 48.2pc to 1.5 billion Br, unveiling heavier spending on promotion, insurance, and IT support. These costs led to a 6.4 billion Br outlay, up 30pc from a year earlier.