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Major banks in Korea are under pressure to set aside more loan loss reserves amid fear of a global banking crisis prompted by the collapse of Silicon Valley Bank (SVB) and the newfound instability of Credit Suisse. Also known as bad debt reserves, loan loss reserves are a partial risk coverage provided by governments to lenders based on the estimated amount of accounts receivable that are at risk of being unpaid by customers.
/PRNewswire/ Parke Bancorp, Inc. ("Parke Bancorp" or the "Company") (NASDAQ: "PKBK"), the parent company of Parke Bank, announced its operating results for.
/PRNewswire/ Parke Bancorp, Inc. ("Parke Bancorp" or the "Company") (NASDAQ: "PKBK"), the parent company of Parke Bank, announced its operating results for.
The banking industry has been facing many difficulties due to concerns about inflation and increasing bad debts since Circular No.14 ended, especially the Government s actions to closely manage and supervise the capital and real estate markets.