The 2020 Q3 FDIC numbers show overall lending has increased over last year by 10.5%, mainly driven by Paycheck Protection Program (PPP) loans, according to a release from the Wisconsin Bankers Association. Bank clients continue to increase their bank deposits — a growth of 13.6% — but noncurrent loans and leases grew by 23.2%, signaling a negative financial effect of the COVID-19 pandemic.
FDIC: Economy softening
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