Ithmaar Holding BSC (BAH:ITHMR) Credit Losses Provision : $0.0 Mil (As of Mar. 2024)

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What is Ithmaar Holding BSC Credit Losses Provision?

Ithmaar Holding BSC's credit losses provision for the three months ended in Mar. 2024 was $0.0 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $0.0 Mil.

Ithmaar Holding BSC Credit Losses Provision Historical Data

The historical data trend for Ithmaar Holding BSC'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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Ithmaar Holding BSC Credit Losses Provision Chart

Ithmaar Holding BSC Annual Data

Trend

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Credit Losses Provision

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Ithmaar Holding BSC Quarterly Data
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Ithmaar Holding BSC 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 Mil.

Ithmaar Holding BSC (BAH:ITHMR) Business Description

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ITHMR:United Arab Emirates

Address

Seef Tower, P.O. Box 2820, Seef District, Manama, BHR

Website

https://www.ithmaarholding.com

Ithmaar Holding BSC is engaged in providing financial services, including retail, commercial, asset management, private banking, takaful, equipment leasing, and real estate development. It also acts as a manager, on a trustee basis of funds deposited for investment in accordance with Islamic laws and principles, particularly regarding the prohibition of receiving or paying interest. The group's business segment includes Retail and Corporate banking, where it receives customer funds, and deposits and extends financing to its retail and corporate clients; Asset Management/ Investment Banking, where it directly participates in investment opportunities and Others.

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