The fact that my tradesman is out of pocket by me is to be looked at through the serene certainty that somebody else's tradesman is in pocket by somebody else; and since there must be bad debts
in the world, why, it is mere egoism not to like that we in particular should make them instead of our fellow-citizens.
UKIP MEP Mr Jonathan Arnott's populist rant against a council writing off bad debts
'Folly to write off debts, September 4', ignores the fact that a well-run organisation in any sector will be regularly making provision for bad debts
, so as not to overstate its financial position.
Business bad debts
can also take the form of loans to suppliers, clients, employees, and distributors.
An ambitious programme to clean up Indian banks of their bad debts
might not be achieved in its expected time frame in 2016 because banks can still hide bad debts
The National Bank of Egypt (NBE) stated targeting a reduction in its bad debts
portfolio by EGP 1.
UNIVERSAL and commercial banks further trimmed their exposure to bad debts
, with their average non-performing loans (NPL) ratio hitting a historic low of 2.
Saeed Al-Sheikh, Chief Economist at National Commercial Bank has disclosed that the value of bad debts
accumulated by the Saudi banks during the past two years amounted to SR25 billion (US$6.
Banking insiders noted that as most bad-debt claims on the block have been listed as bad debts
on the books, their sales will produce benefits offsetting the loss, so long as the transaction price is higher than the price listed on the books.
THE part-nationalised Lloyds Banking Group today confirmed it returned to profit in the first three months of the year after a marked slowdown in bad debts
However, it's important to consolidate all bad debts
into a single report.
com, said: "Credit card companies have been badly burnt with bad debts
48bn yesterday but counted the costs of increased bad debts
in its US mortgages operation.