Despite the increased loan impairment charge, loan loss reserve coverage declined to around 40pc (end-2011: 104pc).
What does LIC stand for?
LIC stands for Loan Impairment Charge (finance)
This definition appears rarely and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of LIC
We have 206 other meanings of LIC in our Acronym Attic
- Limite Impiego Calendariale (Italian: Limit Calendar Use)
- Limited Interim Clearance
- Line Integral Convolution
- Line Interface Card
- Linear Integrated Circuit
- Link 11 Interface Converter (Tomahawk)
- Link Interface Controller
- Livestock Improvement Corporation Ltd
- Living in Chaos
- Living in Community (various locations)
Samples in periodicals archive:
Despite the increased loan impairment charge, loan loss reserve coverage declined to around 40 per cent (end-2011: 104 per cent).
Global Banking News-February 27, 2013--Portuguese bank loan impairment charges likely to go higher, says Fitch(C)2013 ENPublishing - http://www.
The bank booked net loan impairment charges of 366.
CHB's profitability recovered strongly from the 2009 trough as net interest margins widened and loan impairment charges declined amid the economic recovery post 2008/2009 financial crisis.
Our PBT in the nine months [in Mena] was significantly ahead of the comparable period in 2010, as specific loan impairment charges against a small number of global banking and markets customers in 2010 did not recur and the loan portfolio in retail banking and wealth management was repositioned towards higher quality lending," the bank said in a statement posted on its website.
While the renewed uncertainty surrounding the economic environment may result in an increase in loan impairment charges, Fitch does not expect these to cause significant deterioration in profitability.
Resilient margins, moderating loan impairment charges and continuously strong cost efficiency should support profitability in 2011.