Carter Bankshares, Inc. Announces Fourth Quarter 2020 Financial Results
MARTINSVILLE, VA / ACCESSWIRE / January 28, 2021 / Carter Bankshares, Inc. (the Company ) (NASDAQ:CARE) today announced net income of $2.9 million, or $0.11 diluted earnings per share, for the fourth quarter of 2020 as compared to a net loss of $57.7 million, or $2.19 per share, in the third quarter of 2020 due to a one-time goodwill impairment charge of $62.2 million that was recorded in the third quarter of 2020. Excluding this one-time charge, net income in the third quarter of 2020 was $4.5 million as compared to net income of $3.6 million, or $0.14 diluted earnings per share, for the fourth quarter of 2019. Pre-tax pre-provision earnings
The CBN encouraged the Federal Government to avoid locking down the economy again as the second wave of Covid-19 causes an increase in the number of deaths.
Fitch Ratings has revised Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B’ with a Stable Outlook.
The ‘B’ rating could be categorized as being in the non-investment-grade category when compared with the investment-grade category of ‘BBB’ to ‘AAA’. However, the ‘B’ may be seen to have a stable outlook as it is rated above the ‘CCC’ to ‘D’ (default).
This rating was supported by the large size of the economy, low debt-GDP ratio, small sovereign FX indebtedness of the sovereign, and comparatively developed financial system with a deep domestic debt market. However, the rating was suppressed by weak fiscal revenue, comparatively low governance and development indicators, high dependency on hydrocarbon, non-inclusive growth, and hyperinflation.
European Banking Authority (EBA), the
nominal value of loans under moratorium as of June 2020 totaled
€871 billion.
Spain (187 billion euros) and
Italy (156 billion euros).
Each credit portfolio on the platform has its own permanent data room where the
history, the documents and all the results of due diligence activities are available and notarized thanks to DLT technology, avoiding information asymmetry risks and protecting the parties involved in the process.
Through the use of smart contracts,
credit is digitized on the SIA infrastructure allowing all players in the supply chain to structure competitive private and public auctions and transfer credit portfolios in just a few clicks.
European Banking Authority (EBA), the
nominal value of loans under moratorium as of June 2020 totaled
€871 billion.
Spain (187 billion euros) and
Italy (156 billion euros).
Each credit portfolio on the platform has its own permanent data room where the
history, the documents and all the results of due diligence activities are available and notarized thanks to DLT technology, avoiding information asymmetry risks and protecting the parties involved in the process.
Through the use of smart contracts,
credit is digitized on the SIA infrastructure allowing all players in the supply chain to structure competitive private and public auctions and transfer credit portfolios in just a few clicks.