According to PCB, with the continuing regional economic uncertainties and volatility in the Kuala Lumpur Stock Exchange, RM70.45 million has been provided as provision for doubtful debts.
22.
Provisions for doubtful debt were 170 million shekels in the quarter, compared with 81.2 million shekels in the same quarter last year, an increase of 9.8 percent.
23.
The company said this was largely due to its decision to make an $ 80 million provision for doubtful debts in its securities and futures and brokerage operations.
24.
By increasing the general provisions, the banks will be able to reduce their specific provisions for doubtful debt, and that money would be added to earnings in 1997.
25.
Bank Hapoalim, Israel's largest bank, said first-quarter net profit rose 46 percent as it made more profit from financing, from affiliated companies, and from lower provisions for doubtful debt.
26.
Provisions for doubtful debt were lowered to 149 million shekels in the quarter, compared with 244 million shekels in the parallel quarter last year, a decline of 39 percent.
27.
According to PCB, with the continuing regional economic uncertainties and volatility in the Kuala Lumpur Stock Exchange, RM70 . 45 million has been provided as provision for doubtful debts.
28.
The declined in profitability was due to a provision for doubtful debts of RM48.1 million made by the company in the second half-year following the downturn of trading conditions.
29.
"Bank Hapoalim had excellent earnings, with significantly lower provisions for doubtful debt and higher-than-expected profits from companies, " said Daniella Finn, head of sales at Tel Aviv investment firm Ilanot-Batucha.
30.
Net income in 1996 dropped 12.6 percent to 235.2 million shekels as it raised provisions for doubtful debt, particularly in the construction sector, and as a subsidiary was less profitable.
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