Bank of North Dakota releases annual report
30 May 2023
News
he state-owned Bank of North Dakota recently released its 2022 annual report.
From 2021 to 2022, the bank reported a record profit of just over $191 million — an increase of nearly $50 million — and their loan portfolio also grew. Officials with BND say they experienced a decrease in student loans but increases in both agriculture and business loans. Overall, the loan portfolio had an increase of $765 million, and the return on investment to North Dakota was 19%.
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