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However, there is need to guard against over-borrowing,” said Mr Ikiara. “Raising the debt ceiling is also a good thing as.
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The U.S. regional bank’s loan portfolio grew 6.5% to $237.4 billion, with commercial lending accounting for about 67% of total loans. PNC Financial, one of the largest local U.S. lenders by assets,
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Written or oral agreement for a temporary transfer of a property (usually cash) from its owner (the lender) to a borrower who promises to return it according to the terms of the agreement, usually with interest for its use. If the loan is repayable on the demand of the lender, it is called a demand loan.