PRAGUE (Reuters) – Consumer lender Home Credit Group posted on Friday a 619 million euro loss for the first half on provisioning to cover loan losses as the coronavirus pandemic hit consumers.
The lender whose operations include China, India and other markets in South-east Asia, Russia or the Czech Republic, said it had shrunk its lending book by 20% in response to the crisis but said business had started recovering.
“I am encouraged to see that our business has already been improving since late in the second quarter,” said Chief Executive Jean-Pascal Duvieusart. “Barring further economic shocks, we expect the business to continue rebounding in the second half of 2020.”
Impairment losses jumped to 1.79 billion euros from 871 million a year ago, the company said. Non-performing loan coverage ratio rose to 197.8% from 124.1% a year earlier.
“I am confident that by keeping our business intact despite such strong
Things could’ve gone better for the Vikings in Week 1.
Mike Zimmer’s revamped defense surrendered 43 points and 522 yards to Aaron Rodgers and the Packers, and a late surge from the Vikings’ offense wasn’t enough to ever truly threaten a comeback (the 43-34 final score suggests the game was much closer than it really was). This team has more than enough talent to bounce back and go on to a successful season, but they have to make improvements and do so quickly.
After ranking between seventh and 19th in national pre-Week 1 power rankings, let’s take a look at how far the Vikings fell in the ranks this week.
SI.com MMQB: No. 15 (Down 2 spots)
Last week, SI’s six voters ranked the Vikings between No. 6 and No. 19, with an average of 13th. This week, Mitch Goldich handled the power ranks by himself and put the Vikings
CLEVELAND, Ohio – The Indians headed out of Minnesota on Sunday bashed and battered after a weekend-long home run assault by Twins hitters that resulted in a three-game sweep. Powered by the long ball, Minnesota rallied from an early three-run deficit in the series finale for a 7-5 win at Target Field.
Cleveland’s losing streak now stands at six games, the most consecutive losses for the club since July 23-28 in 2015.
Despite the loss, the Indians remain in playoff position, occupying the seventh spot in the American League race, one game ahead of the eighth-place Yankees. The Indians fell 3 1/2 games behind Minnesota for second place in the AL Central Division and 4 1/2 games behind the division-leading White Sox.
Minnesota slugged four home runs Sunday, upping their total to 11 in the three-game weekend sweep of Cleveland. All but one of the Twins’ 18 runs scored since