As at Sept 30, its proportion of NPL was $762.7 million, or 31.5% of its total volume of debt investments. In the preceding quarter June 30, the corresponding amount was $37.2 million, or just 1.5%.
“However, as most of the affected loans are still adequately collateralized, the group has made the provision for loan losses of $14.8 million,” the company adds.
Yangzijiang Financial reports lower income in 3QFY2022 business update; NPL from property loans up
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