credit loss

However, credit losses were also up, rising 42 percent to $151 million.

Its total reserve for credit losses is now $700 million, the bank said.

Borrower quality and the resulting credit losses might also be taken into account.

A substantial part of the rise in credit losses was attributed to loans to the energy industry.

The latest year results include the provision of $700 million for credit losses.

They have very consistent patterns of low credit losses relative to the rest of the industry.

The bank said 70 million Canadian dollars had been added to the allowance for credit losses, up 40 percent from the previous quarter.

The 1989 fourth quarter also included a provision for credit losses of $175 million.

"In this weaker economic environment," he added, "we now believe it is prudent to increase our credit loss reserves."

The unit announced that the higher profit was due to lower credit losses and improved interest margins.

But the bank's lending picture improved, as credit losses fell by half, to $24.8 million.

If "benefits, claims, and credit losses" are added to operating expenses the ratio gets worse.

Now those vendors are haunted by those decisions, as credit losses pile up.

The bank lived up to its cautious reputation by limiting credit losses and trimming costs.

The banks' expanded role in this market means the odds are greater that they will be hit by credit losses as the economy weakens.

It set aside $1.16 billion for third- quarter credit losses, up from $650 million last year.

Bankers do not generally dispute this, but they say the higher credit losses are a necessary function of doing business in an increasingly competitive industry.

The settlement is expected to be covered by the bank's reserves for potential credit losses, which are just under $1 billion.

Credit losses mounted and a banking crisis inevitability followed.

Through his experiences he became convinced that many small grocers failed because of heavy credit losses and high overhead.

The loss reflected some restructuring costs, as well as the bank's decision to increase its provision for credit losses.

Net credit losses for the second quarter were $237 million, equivalent to the provision without the special addition.

The latest 9 months' loss is after a provision for possible credit losses of $4,197,000,000.

Credit losses, like those at Advanta, could be particularly difficult for financials.

We expect mortgage credit losses to remain elevated.