MRC: Banks’ Performance Untenable

The Majlis Research Center says the banking sector is saddled with inherently weak but invisible balance sheets and the gap between banks’ income and expenditure has widened over time.
Decline in lending power, deepening economic recession and galloping inflation are some of the major consequences spawned by the weak balance sheets, it said.
The parliament’s research wing added that the week balance sheets are “fundamentally different” from their peers in other countries.