BB&T Corp Earns 1.5 Billion in Profit
One of America’s largest banks BB&T Corporation has just posted their last quarter financial figures of last year. They posted net earnings of $305 million in the fourth quarter of 2008 and $1.5 billion for the full year. Despite the profit, the figures are lower from the previous year postings of $411 million in Q4 2007 and $1.73 billion in full year. This is encouraging for the American commercial bank where many banks are losing money due to bad loans and the global weak economy. BB&T CEO Kelly King announced to the press that his bank is “the top performers in the financial services industry” and also added “capital infusion from the government, where we are actively seeking new borrowers”. |
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