With rampant inflation and expected rate hikes for banks and credit unions, not to mention lingering economic and health effects from the pandemic, financial institutions face real profitability challenges in 2022. Now more than ever, it’s critical to focus on effective loan pricing. The alternatives? Risk losing customers to competition or falling victim to further margin compression.
In this podcast, we discuss:
- The current economic environment and expectations of rising rates
- Potential challenges that rising rates present to FIs
- Strategies for increasing and maintaining profitability
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