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At the end of 2021, the allowance for loan losses was 65 million EGP. Bank XYZs provisions for loan losses were equal to 4% of
At the end of 2021, the allowance for loan losses was 65 million EGP. Bank XYZs provisions for loan losses were equal to 4% of its loan portfolio that amounted to 1.75 billion at the beginning of the year. If the provisions built throughout the year were equal to 25 million EGP, what was the amount charged off during the year
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