Page 50 - Annual Report 2020
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9. Classified credit
The volume of classified credit decreased noticeably in
early-2020. Moreover, the “special mention” category,
which dominated classified credit in 2019, declined
while the “loss” category increased in 2020. As a result,
although the volume of classified credit declined in 2020,
the coverage ratios remained high as the loss category
necessitated higher provisions. Accordingly, the coverage
ratios through specific and total provisions stood at
42.2% and 49.8%, respectively, in December 2020,
compared to 41.4% and 50.2% in the previous year.
T ABLE OF C ONTENT S
