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Better than estimated trading income and lower provisions were partly offset by higher costs, while at Abbey weaker than expected revenues were offset by better costs and lower provisions".
Aegon attributed part of its profit increase to lower provisions for potential bond defaults and a rise in capital gains.
Cheap funding from the ECB should help, as will lower provisions if the economy stays on track.
LONDON - The British bank Barclays said Monday that its profit rose 5 percent in the third quarter, helped by lower provisions for bad loans.
On Monday, Barclays of Britain said its profit rose 5 percent in the third quarter, helped by lower provisions for bad loans.
The return to profit roughly matches results from Lloyds, released Wednesday, which also returned to profit in part due to lower provisions against bad loans.
Similar(43)
We show that presidentialism implies greater rent extraction and lower provision of public goods than parliamentarism.
Excluding a lower provision for income taxes in the fourth quarter, ended Jan . 30 earnings were $1.17 a share.
JPMorgan Chase attributed the jump to a significantly lower provision for credit losses.
The loan portfolio should continue to improve, resulting in much lower provisioning for bad loans.
"[Bank One is] leveraged to earnings improvement with the improved credit environment," says David George, analyst at A.G. Edwards, pointing out that the company will have lower provision expenses when credit costs fall.
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