The authors reported non-interest income has increased in relative importance comparedto interest income. With few exceptions, throughout the period 1994–98 there is a decreasein the level of interest income as a percentage of total assets, with a corresponding increasein non-interest income. They found the proportionate increase in non-interest incomecorresponded with a decline in profitability, suggesting the growth in non-interest incomesources did not offset the fall in the net interest margin, and/or operating costs for the newactivities were higher
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