Bell is FCA registered with a current loan book comprising over 400 live agreements amounting to GBP 10.3m of receivables, including GBP 2.3m of unearned interest
Loans, net of unearned interest
, dropped to 571.3m at the end of March 2012 from USD621m at 31 December 2011.
It's no surprise that UK savers are missing out on more than pounds 12bn a year in unearned interest
, when most banks are keeping their customers in the dark about their savings rates.
(Market share is calculated based on adjusted gross loans for unearned interest
This includes computing a refund of unearned interest
by a method less favorable to the consumer than the actuarial method.
(1.) Unearned interest collected in the amounts of $13.4 million and $13.3 million for the Federal Reserve and ESF, respectively, are not included.
Interest receivables for the Federal Reserve System are net of unearned interest collected.
At end-1H18, the ratio dropped to 4.5% mainly due to the exclusion of interests in suspense (EGP760 million) as per CBE regulations (for previous years unearned interests
were included as part of impaired loans and provisions).