Loan loss provisions
were $60,000 and $75,000 for the quarters-ended December 31, 2007 and 2006, respectively.
Despite the high loan loss provisions
, which were primarily attributable to a $2.
In the Core Bank, which encompasses the strategically important customer-centric business, revenues before loan loss provisions
were improved in the second quarter compared to the prior year.
Last week, the Shura Council (the upper house of Egypt's parliament) raised taxes on bank's loan loss provisions
Ulyukayev said, 'The banks have been rapidly increasing their loan loss provisions
, thus incurring losses, but beginning in 2010 and definitely in 2011, lending institutions will be able to use those funds and become more attractive for investors.
Revenues before loan loss provisions
in Core Bank stable in second quarter at EUR 2.
A tight cost control and stable loan loss provisions
completed a sound performance that saw net income grow 36% YOY at September 2006.
The first six months decline over the previous year is due particularly to the weaker interest rate environment and higher loan loss provisions
Lower loan loss provisions
and greater revenue from the Royal Trust acquisition should strengthen profits.
Despite significantly higher interest expense, earnings rose compared to the same period a year ago due to lower loan loss provisions
and a decrease in non-interest expense.
According to FDIC, troubled real estate loans have forced US banks to boost loan loss provisions
to a record USD37.
The country's benign credit environment with loan loss provisions
at a historically low level, healthy capital and savings ratios and low household debt has facilitated robust loan growth in the past few years.