Virgin Money UK (Virgin Money UK) Allowance For Loans And Lease Losses : $-757 Mil (As of Sep. 2023)

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What is Virgin Money UK Allowance For Loans And Lease Losses?

Virgin Money UK's Allowance For Loans And Lease Losses for the quarter that ended in Sep. 2023 was $-757 Mil.

Virgin Money UK's quarterly Allowance For Loans And Lease Losses declined from Sep. 2022 ($-514 Mil) to Mar. 2023 ($-633 Mil) and declined from Mar. 2023 ($-633 Mil) to Sep. 2023 ($-757 Mil).

Virgin Money UK's annual Allowance For Loans And Lease Losses increased from Sep. 2021 ($-681 Mil) to Sep. 2022 ($-514 Mil) but then declined from Sep. 2022 ($-514 Mil) to Sep. 2023 ($-757 Mil).

Virgin Money UK Allowance For Loans And Lease Losses Historical Data

The historical data trend for Virgin Money UK's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Virgin Money UK Allowance For Loans And Lease Losses Chart

Virgin Money UK Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Allowance For Loans And Lease Losses

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-448.02

-952.07

-681.32

-514.16

-757.43

Virgin Money UK Semi-Annual Data
	Sep13	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-681.32	-621.87	-514.16	-633.50	-757.43

Virgin Money UK Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

Virgin Money UK Allowance For Loans And Lease Losses Related Terms

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Virgin Money UK (Virgin Money UK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Virgin Money UK PLC (OTCPK:CBBYF) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

CYBBF:USA VMUKl:UK VMUK:UK 42YA:Germany VUK:Australia

Address

177 Bothwell Street, Glasgow, GBR, G2 7ER

Website

https://www.virginmoneyukplc.com

Virgin Money UK was formed through the merger between CYBG PLC and Virgin Money. After being divested by National Australia Bank in 2016, CYBG went through a restructuring and recapitalization process, with mortgages accounting for around 75% of its loan book. Following CYBG's merger with Virgin Money, the loan book has been reshaped again, with mortgages now accounting for 79% of total loans, personal loans around 9%, and SME and business loans around 12%.