Virgin Money UK (Virgin Money UK) Credit Losses Provision : $0 Mil (As of Sep. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Virgin Money UK Credit Losses Provision?

Virgin Money UK's credit losses provision for the six months ended in Sep. 2023 was $0 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2023 was $0 Mil.

Virgin Money UK Credit Losses Provision Historical Data

The historical data trend for Virgin Money UK'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.

* Premium members only.

Virgin Money UK Credit Losses Provision Chart

Virgin Money UK Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Credit Losses Provision

Get a 7-Day Free Trial

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
Credit Losses Provision	Get a 7-Day Free Trial															-	-	-	-	-

Virgin Money UK 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0 Mil.

Virgin Money UK (Virgin Money UK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Virgin Money UK PLC (OTCPK:CBBYF) » Definitions » Credit Losses Provision

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%.