Loan Losses

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August 24, 2024 3 min read Definitions

Provision for Credit Losses (PCL): Definition, Uses, and Example

Finance Banking Accounting Credit Risk Financial Statements Risk Management Loan Losses Banking Regulations

An in-depth exploration of Provision for Credit Losses (PCL), its definition, uses, calculation examples, and impact on financial statements. Learn how PCL plays a crucial role in risk management for financial institutions.

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