Banks wrote-off ¢1.01bn as bad debt in half-year 2020
Banks wrote-off ¢1.01 billion for the first half of this year, about 25% more than the same period last year. According to the Domestic Money Banks Income Statement Highlights, the bad debt was classified as loan losses, depreciation, amongst others. However, the general size of loans and advances went up. The industry’s stock of gross loans and advances (excluding the loans under...
