In mid-1995 NBF was running bad and doubtful debts of at least F$90 million.
Its charge to profits for bad and doubtful debts was slashed to just 98.5 million dollars from 392.1 million dollars the previous corresponding period.
It cut charges for bad and doubtful debts to 379.0 million dollars from 799.7 million dollars previously.
Charges to profit for bad and doubtful debts fell to 226.2 million dollars from 377.9 million dollars previously.
Collector of bad and doubtful debts.
Provision for bad and doubtful debts are maintained.
Once a doubtful debt becomes uncollectable, the amount will be written off.
Japanese banks will continue to write off and provide against masses of doubtful debts for several years to come.
Similarly, if the debtors' personal accounts are retained at total amount due, a valuation account on the credit - provision for doubtful debts is required.
But the group's charge for bad and doubtful debts also doubled to £1.185 billion.