BancABC Sees Slight Profit Growth
Monday, September 20, 2021 | 300 Views |
According to the financial statement ending June 30, 2021, the bank’s loan book has recorded a slight reduction from P6.2 billion to P6.1 billion. The book growth reflects caution on credit as well as an appreciation of the existing environment.
he bank said the negative variance on loan impairments is a result of marginal increases in non-performance in the retail portfolio due to the financial strain of COVID-19 and Expected Credit Loss (ECL) model enhancements adopted in the latter part of 2020. Commenting on the results, the bank’s managing director Kgotso Bannabotlhe said the bank continues to operate under these difficult times and remain optimistic that as the economy opens, credit appetite will increase. “In 2020, the bank had initiatives to contain costs given the prevailing economic environment.
The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...