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17, the company will update its 2007 earnings drivers, including its updated expectations for loan loss provisioning levels in the fourth quarter of 2007. BOD's profitability ratios has been undermined by its aggressive expansion strategy, resulting not only in lower spreads but also in worse than average efficiency ratios and despite lower than proportional loan loss provisioning. Recent trends in credit quality have been very encouraging and have allowed us to maintain the current level of loan loss provisioning despite significant growth in outstanding balances," said Jones. |
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