Here is the position on loan loss provisioning.
Business Daily wrote:HF’s loan loss provisions dropped by Sh7.8 million to Sh136.8 million despite the gross bad loans rising by Sh105.8 million to Sh327.4 million.
The company, however, says it expects some of the non-performing loans to be paid off later this year.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.