News Home
Quick Bites
News Archive
News Channel
Special Features
On AirNewsClassical
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Don Drumm Studios

Akron Children's Hospital

For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )

Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business

KeyBank says lending is at its highest since the recession
The Cleveland-based bank is keeping up with current lending trends

KeyBank says it has been lending more recently.
Courtesy of KeyBank
Download (WKSU Only)
In The Region:
Banks are lending money to individuals and businesses at their most rapid pace since the financial crisis. Cleveland-based KeyBank is part of that trend. For Ohio Public Radio, WCPN's Joanna Richards reports.

Other options:
Windows Media / MP3 Download (1:05)

KeyBank says it increased its commercial, financial and agricultural loans by about 13 percent in the first half of 2014 over the same period last year. And its overall lending was up 6 percent.

That is in line with a national trend, according to the Wall Street Journal. The paper credits the increase in loans with boosting banks’ profits to near-record heights.

Lisa Oliver is Northeast Ohio market president for KeyBank.

"Banks are earning more money right now out of their loan portfolios than they are out of their deposit portfolios," Oliver says.

She says low interest rates are one reason for the trend. But it also reflects a strengthening economy.

Oliver says businesses are in better financial shape and more optimistic, so they are starting to make upgrades and invest in expansion.

"As that market demand coming out of the recession has begun to slowly increase, we’re seeing growth and an increase in requests for loans," Oliver says.

More loans means more spending by individuals and businesses, which reinforces the positive outlook for the recovery.


Add Your Comment


E-mail: (not published, only used to contact you about your comment)


Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook

Stories with Recent Comments

Kasich campaign evokes dark images of a Trump presidency

Backers of legalizing marijuana in Ohio promise to be back in 2016
We should be aloud to grow more than 4 plants and not have to register with the state considering it will be a free market.

Akron says it's had no second thoughts about welcoming refugees
What business does Councilman Neal own on North Hill? I'd love to support him. I am so glad to have the refugees in our neighborhood. I have lived here for 25 ...

Scarborough says the University of Akron is trying to rebuild relationships
In order for the University of Akron to grow and become a desirable place for students across Ohio and elsewhere, it must address the crime problem in the Akron...

Ohio Sen. Cliff Hite wants to end pay-to-play sports fees at Ohio's schools
You can bet Hite and Husted will also rush to the rescue of the Academic Challenge team, the speech-and-debate squad, the Science Olympians and the chess club. ...

Ohio lawmakers consider new gun bills
States that have gun restrictions/cities have reduced gun violence is false. CHICAGO has some of the toughest gun laaws/restrictions but yet fun violence is off...

Cleveland's public transit system considers fare increase for 2016
I work with individuals with disabilities. Yes some of my folks need more help than the average person. As a whole, the group I work with however can manuver ju...

Community group sues to re-open part of Wadsworth hospital
My father was part of the founding group of citizens which started the "new" Wadsworth/Rittman Hospital. For some reason the leadership for the future of the ho...

The Cleveland Museum of Art presents painters who loved their gardens
brilliant masterpiece, Greetings from

Copyright © 2015 WKSU Public Radio, All Rights Reserved.

In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University