In addition to good management, banks also need good regional economic conditions to prosper.

Question

Quizplus · Accepted Answer

Good regional economic conditions can help to boost lending, increase consumer spending and investment, and reduce loan defaults and delinquencies, all of which can contribute to the success of banks. On the other hand, poor economic conditions can lead to a decline in business activity and profitability for banks. Therefore, both good management and good economic conditions are essential for the prosperity of banks.

In Addition to Good Management, Banks Also Need Good Regional