The competition for high quality low loan to value projects remain intense in our market place. Due to the low level of market interest rates, the origination rates on many of these projects are rates considerably lower than similar or originations in prior periods. However, in growing the balance sheet, Valley’s management continues to be mindful of the bank’s asset liability mix and the bank’s aggregate interest rate risk exposure.
Valley National Bancorp's CEO Discusses Q4 2011 Results - Earnings Call Transcript
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