Question

Loyola Bank classifies its assets and liabilities and the period (maturity buckets) within which they are subject to repricing as on March 31, 2015 as follows:


Silvershine bank has $200 million in earning assets and $280 million in liabilities that are subject to an interest rate change each month over the next six months. If market interest rates suddenly rise by 2 full percentage points, what will be approximate change in the net interest income for the bank?

A. $8.2 million

B. -$8.5 million

C. $8.5 million

D. $9.6 million

E. -$9.6 million

Answer

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