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Covestro AG (Covestro AG) Allowance For Loans And Lease Losses


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What is Covestro AG Allowance For Loans And Lease Losses?

Allowance For Loans And Lease Losses only applies to banks.


Covestro AG (Covestro AG) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Covestro AG (OTCPK:COVTY) » Definitions » Allowance For Loans And Lease Losses
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Kaiser-Wilhelm-Allee 60, Leverkusen, NW, DEU, 51373
Covestro, formerly Bayer Material Science, was spun off from the Bayer Group in 2015. The firm is a market leader in polyurethanes and polycarbonates, products that the company discovered in the mid-20th century. It also has a sizable speciality chemicals business that is focused on coatings and adhesives. Demand for Covestro's products is driven primarily by cyclical end markets, such as automotive, construction, and furniture.