Sentence examples for took provisions from inspiring English sources

Barclays and Royal Bank of Scotland – which took provisions of £1bn each – are also taking account of PPI in their 2011 bonus pools.

Bankia took provisions of €24bn in 2012 and insisted that the cleanout would enable it to return to profit this year.

"BNP took provisions against its Greece exposure in full agreement with its auditors and the relevant authorities, in accordance with the plan decided upon by the European Union on July 21," a bank spokeswoman said.

By agreeing that Daiei is on the mend, the banks avoid taking provisions against the loans.

High street banks have now taken provisions of more than £12bn in mis-selling claims related to PPI products.

The government has told the industry to take provisions and stash away capital to the tune of €50 billion, or $66 billion.

If it were forced to write down that good will, it might have to take provisions or, if earnings didn't cover the shortfall, raise additional capital.

Daniels was forced to hand back 40% – £580,000 – of his £1.45m bonus from 2010 after the bank began to take provisions for mis-selling the insurance product.

Of this, $1bn is for PPI – where banks across the UK have now taken provisions of £8.5bn – and $240m for interest-rate swaps.

RBS meanwhile uses IFRS as a lender, ignoring likely (or even existing) outcomes and only taking provisions against loans that have met the very high hurdle in IFRS for writing down loans, for example several months of missed payments.

Under instruction from the Spanish authorities to take provisions for property loans which have turned sour, Santander wrote down €3.7bn (£2.89bn) of Spanish property loans to report profits of €1.7bn in the first half.