The Bank’s efficiency ratio for the three months ended June 30, 2012 was 59.01% compared to 83.78% in 2011, which represents a decrease of 30%. The efficiency ratio illustrates, that for every dollar the Bank made for the three month period ending June 30, 2012, the Bank spent $0.59 to make it, as compared to $0.84 one year ago.
[So many banks. So little time.]
"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International