Australian Finance Group (ASX:AFG) Credit Losses Provision : A$0.2 Mil (As of Dec. 2024)

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What is Australian Finance Group Credit Losses Provision?

Australian Finance Group's credit losses provision for the six months ended in Dec. 2024 was A$0.2 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2024 was A$0.2 Mil.

Australian Finance Group's quarterly credit losses provision stayed the same from Dec. 2023 (A$0.0 Mil) to Jun. 2024 (A$0.0 Mil) but then increased from Jun. 2024 (A$0.0 Mil) to Dec. 2024 (A$0.2 Mil).

Australian Finance Group's annual credit losses provision increased from Jun. 2022 (A$-0.4 Mil) to Jun. 2023 (A$0.4 Mil) but then declined from Jun. 2023 (A$0.4 Mil) to Jun. 2024 (A$0.0 Mil).

Australian Finance Group Credit Losses Provision Historical Data

The historical data trend for Australian Finance Group's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Australian Finance Group Credit Losses Provision Chart

Australian Finance Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Credit Losses Provision

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2.61

-0.40

0.40

0.03

Australian Finance Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Credit Losses Provision	Get a 7-Day Free Trial															-	-	-	-	0.20

Australian Finance Group Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$0.2 Mil.

Australian Finance Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Australian Finance Group Ltd (ASX:AFG) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Havelock Street, Level 4, West Perth, Perth, WA, AUS, 6005

Website

https://www.afgonline.com.au

Australian Finance Group Ltd is engaged in mortgage origination and management of home loans and commercial loans. It also distributes its own branded home loan products including traditional mortgage management products, white label. The company's segment includes Distribution, Manufacturing and Central. It generates maximum revenue from the Distribution segment.