A sharp fall in volume
It made 67 loans, down from 95 and from 106 in 2023. Similar lenders (state non-member banks making between half and twice as many loans) grew by 9%, so its fall was steeper than at more than nine in ten of them. Refinancing made up 50.7% of its loans. The figures do not show why. With half its loans refinancings, its volume could move with borrowers' appetite to refinance.