In response, he said, banks are adding sales people and cutting middle managers.
The less money that banks add to reserves, the more they earn.
At recent rates, $100 would buy about 143 Canadian dollars, before banks add on exchange fees.
For the six months, the bank added $470 million.
He estimated that the bank could add $100 million to earnings after five years.
The bank added 13 employees last year, bringing its staff to 158 at the six branches.
Inflation in the 12 months ended April 30 was 161.3 percent, the central bank added.
What can banks and newspapers add to all that is already being done?
By the 1990s, the bank added investment banking to its services.
Later, the bank added the coffee and cocoa business to its interests.