The firm's mortgage investment corporation has about 2,400 such loans in its portfolio, with an average size of $ 85,000, and says it maintained a $ 4.3 - million
loan loss provision on a $ 214 - million portfolio last year.
Not exact matches
«If there are any negative effects of low rates
on net interest income in the future, they should be largely offset by the positive effects of monetary stimulus
on the other main components of profitability, such as the quality of
loans and therefore
on loan -
loss provisions,» Draghi added.
It should be noted that a big part of the increase in Synovus is due to its shrinking
provision for
loan losses (what it expects to lose
on the
loans it makes); however, the bank did see its expenses fall by $ 50 million over the first nine months of the year and, in 2012, it actually realized a benefit of $ 2 million from taxes versus an expense of $ 72 million in 2013.
Adjusted EBITDA and segment Adjusted EBITDA reflect adjustments for interest expense, net, income tax expense (benefit), depreciation and amortization, including accelerated depreciation, and the following adjustments discussed above: non-cash mark - to - market adjustments and cash settlements
on interest rate swaps,
provision for legal settlement, transaction costs and integration costs, restructuring and plant closure costs, assets held for sale, inventory valuation adjustments
on acquired businesses, mark - to - market adjustments
on commodity and foreign exchange hedges and foreign currency gains and
losses on intercompany
loans.
The Public Accounts / Budget include
provisions with respect to certain liabilities, such as environmental liabilities, potential
losses resulting from court cases, potential
losses on loans and
loan guarantees, etc. even though no cash payments have been made.
The book reveals how commercial banks that ostensibly lost money
on bad
loans to Third World governments in reality lost very little because, since 1982, Northern taxpayers have contributed between $ 44 and $ 50 billion in tax relief
on bank
provisions and «
losses».
another cool billion expensed in H1 - 2013
on loan losses /
provisions & exceptionals) still equates to a sub-5 % return
on equity.
Substantially higher
loan and lease
losses would decrease its
loan and lease reserve account to the point where this bank would have to increase the future
provision for
loan losses on the income statement.
Apollo Commercial Real Estate Finance Inc., managed by an indirect subsidiary of Apollo Global Management LLC, last quarter recorded a $ 15 million
loan -
loss provision tied to a mortgage
on apartments, rental homes and land in Williston, North Dakota, the epicenter of Bakken shale drilling.