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answer this question please On 31/12/2018 Bank XYZ has Provisions for loan losses or Credit Impairment Provision of EGP70,000,000, during the year, the bank gives
answer this question please
On 31/12/2018 Bank XYZ has Provisions for loan losses or Credit Impairment Provision of EGP70,000,000, during the year, the bank gives out 10 loans (check table below). The loans risk ratings remain stable throughout the whole year. At the end of the year, the bank's balance sheet reserve for loan losses is 80,000,000. What was the amount of loans charged off during the year Step by Step Solution
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