It said that commercial property loans came to $ 3.1 billion and accounted for most of
its loan impairment charges.
Loan impairment charges were down 5 %.
Last year was a difficult one, with net interest margins declining and higher
loan impairment charges, says Fitch.
For most banks,
loan impairment charges as a percentage of total loans have been falling, which again means lower loan losses.
Not exact matches
Earlier this month, CIBC announced it would take a $ 420 - million, non-cash goodwill
impairment charge in the quarter related to the Caribbean, and another $ 123 million of after - tax of
loan losses.
Firstly, Barclays» UK retail and business
impairments fell 35 % to # 536m in 2011, making for a 44bps
charge (2010: 70bps), which could enhance the attraction of any UK
loan books in this segment that the Irish banks attempt to offload.