CNFinance Holdings (CNFinance Holdings) Credit Losses Provision : $26.0 Mil (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is CNFinance Holdings Credit Losses Provision?

CNFinance Holdings's credit losses provision for the three months ended in Dec. 2023 was $5.9 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $26.0 Mil.

CNFinance Holdings's quarterly credit losses provision declined from Jun. 2023 ($7.1 Mil) to Sep. 2023 ($1.6 Mil) but then increased from Sep. 2023 ($1.6 Mil) to Dec. 2023 ($5.9 Mil).

CNFinance Holdings's annual credit losses provision increased from Dec. 2021 ($-47.7 Mil) to Dec. 2022 ($32.6 Mil) but then declined from Dec. 2022 ($32.6 Mil) to Dec. 2023 ($25.7 Mil).

CNFinance Holdings Credit Losses Provision Historical Data

The historical data trend for CNFinance Holdings'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.

CNFinance Holdings Credit Losses Provision Chart

CNFinance Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

Get a 7-Day Free Trial

51.72

11.83

-47.71

32.64

25.70

CNFinance Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															18.95	11.44	7.10	1.58	5.93

CNFinance Holdings 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 quarterly data reported by the company within the most recent 12 months, which was $26.0 Mil.

CNFinance Holdings (CNFinance Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CNFinance Holdings Ltd (NYSE:CNF) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 16 Zhujiang Dong Road, 44th Floor, Tower G, Guangdong Province, Gold Land Plaza, Tianhe District, Guangzhou, CHN, 510620

Website

https://ir.cashchina.cn

CNFinance Holdings Ltd is an equity loan service provider. It focuses on the development of small and micro-enterprises. It generates revenue in the form of interest and financing service fees on loans and interest on deposits with banks. Its primary target borrower segment is MSE owners who own real properties in Tier 1 and Tier 2 cities in China. Geographically, it has an operation in PRC.