In the quarter, National Bank set aside $85-million in provisions for credit losses – the funds banks set aside to cover loans that may default. That was lower than analysts anticipated, and included $27-million against loans that are still being repaid, based on models that use economic forecasting to predict future losses.
Total revenue rose to $2.48-billion in the quarter, up from $2.44-billion in the same period a year earlier. But expenses increased 6 per cent to $1.37-billion, which the bank said was driven by increased hiring last year, wage inflation and technology expenses.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر: