Profit driven by decline in expenses. Income Fell
• Revenue?7% as both Net Interest Income and Other Income fell
• Non-Interest Expenses?5%
• Impairment losses?56%
• ROA?to 2.11% from 2.16%
![](https://i0.wp.com/moneymax101.com/wp-content/uploads/2021/03/image-8-600x447.png?resize=600%2C447&ssl=1)
• Profit up⬆️ to TT$146m from TT$143m
Mgmt says “The Group’s quarterly performance was driven by a reduction in net impairment losses of $29 million or 56% as the Group continues to take a prudent approach to loan loss provisioning within this economic climate”