Pre-provision operating profit (PPOP) is the amount of income a bank or similar type of financial institution earns in a given time period, before taking into account funds set aside to provide for ...

The European Central Bank is ready to "use the stick" to get banks to set money aside against bad loans and reduce the overall level of bad debt resulting from the coronavirus pandemic, the ECB's top ...

Three of Europe's biggest banks have added billions more to their reserves to cover bad debts as they brace for one of the worst global recessions on record. Three of Europe's biggest banks have added ...

NatWest reported better than expected third-quarter profit as COVID-19-linked provisions for bad loans dwindled, but it warned tougher times lie ahead as fresh social and economic restrictions to curb ...

Bank of New Zealand's charge for bad and doubtful debts jumped 83% in the first half as the local unit of National Australia Bank doubled its provision against its dairy book in the face of a ...