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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.

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Other Resources:
We have 206 other meanings of LIC in our Acronym Attic

Samples in periodicals archive:

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.