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Can I know how do I calculate the credit costs for impaired loans for banks? Is it correct if it total provisions made for impaired loans / total loans for the time period.
Based on the reported figures for 4Q 2020:
total provisions made for impaired loans are : S$241 million
Total loans are: S$281,387 million
And it is reported as 34 bps for its credit costs for impaired loans calculated on an annualised basis.
How do i calculate this? thanks.
(Link for the annual report: https://www.uobgroup.com/investor-relations/assets/pdfs/investor/financial/2020/gp-financial-4q-2020.pdf) Read More