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KU Report Says Kansas Banking Greatly Improved

Associated Press - December 19, 2014 5:06 am

Kansas City Power & Light is appealing a September ruling by Kansas regulators reducing the percentage of annual profit the utility is allowed to return to its stockholders.

A new report by the Kansas University Center for Banking Excellence has determined that the state of banking in Kansas is greatly improved and the industry positioned to thrive despite new regulatory standards.

The Lawrence Journal-World reports the research examines the current financial condition of commercial banks, trends over the past decade and the industry’s recovery from the financial crisis.

Robert DeYoung, the report’s author, says conditions for banks in the coming years will feel more like normal. His forecast calls for gradual growth in lending and profitability as banks continue their traditional focus on helping local businesses and households meet their financial needs.

Information from: Lawrence Journal-World

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