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September 14, 2018

CIBC raises provision for credit losses


Source: Barbados Today

CIBC FirstCaribbean International Bank Ltd is blaming Government’s debt restructuring for an increase in its provision for credit losses.  In its consolidated financial statement for the nine-month period ending July 31, the bank said due to the announcement by Prime Minister Mia Mottley that her Government would restructure its debt…

Link: CIBC raises provision for credit losses

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