The 25m broadly makes sense to me.... However, you should note that write offs don't hit the P&L (see journal entry below).
Dr Loan book provision (utilise the provision, note the expense has already been recorded)
Cr Loan book (write off the asset)
So the 25m should flow through if there's no increase in loan book that requires further provisions.
The 25m broadly makes sense to me.... However, you should note...
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