NU Online News Service, Sept. 30, 9:24 a.m. EDT
The Program Productivity measure of how much insurance brokerage fee income is generated by each bank employee soared in the first six months of the year, a report said.
According to the Michael White-Prudential Bank Fee Income Report, productivity climbed in the first two quarters of 2009 to exceed year-end 2008 productivity by 12.5 percent.
The report said the annualized productivity ratio rose to a new high of $2,674 per bank employee compared with $2,377 at year-end 2008.
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