NATIONAL Bank of Commerce (NBC), one of the largest banks in the country, recovered from the red, posting a net profit of 6.41 billion last year, thanks to reduction in bad debts written off.
The bank suffered 5.68 billion loss in 2011 due to bad debts that were written off at the tune of 56.55 billion and a substantial amount set aside for impairment losses of 55.81 billion.
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