MA Financial Group (ASX:MAF) Credit Losses Provision : A$0.9 Mil (As of Dec. 2023)

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What is MA Financial Group Credit Losses Provision?

MA Financial Group's credit losses provision for the six months ended in Dec. 2023 was A$-0.0 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was A$0.9 Mil.

MA Financial Group's quarterly credit losses provision declined from Dec. 2022 (A$1.6 Mil) to Jun. 2023 (A$0.9 Mil) and declined from Jun. 2023 (A$0.9 Mil) to Dec. 2023 (A$-0.0 Mil).

MA Financial Group's annual credit losses provision increased from Dec. 2021 (A$1.2 Mil) to Dec. 2022 (A$1.9 Mil) but then declined from Dec. 2022 (A$1.9 Mil) to Dec. 2023 (A$0.9 Mil).

MA Financial Group Credit Losses Provision Historical Data

The historical data trend for MA Financial Group's Credit Losses Provision 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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MA Financial Group Credit Losses Provision Chart

MA Financial Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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4.85

0.02

1.22

1.89

0.85

MA Financial Group Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial									-	0.26	1.63	0.86	-0.01

MA Financial Group Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$0.9 Mil.

MA Financial Group (ASX:MAF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » MA Financial Group Ltd (ASX:MAF) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Carrington Street, Level 27, Brookfield Place, Sydney, NSW, AUS, 2000

Website

https://www.mafinancial.com

MA Financial Group Ltd is a financial services company. The Group is organised into the following business segments: Asset Management, Lending & Technology, and Corporate Advisory & Equities (CA&E). It generates maximum revenue from the Asset Management segment. The Asset Management segment incorporates the provision of asset management services and principal co-investment and strategic investments. The Lending & Technology segment includes the provision of Lending Platforms for loan funding, residential mortgages and Financial Technology. The Corporate Advisory and Equities segment provides corporate advice, underwriting and institutional stockbroking services. The Group mainly operates in Australia.

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