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At the same time, we need to make a bigger effort in disposed nonperforming loans, adjusting credit structure and offering very good support to the asset management in the future, we are capable of managing different types of risks well.
Credit quality remained strong with net charge-offs of 17 basis points and nonperforming assets declining to 50 basis points.
Our ratio of nonperforming assets to total assets remained low at 13 basis points, declining from 15 basis points last quarter.
PRA Group, Inc engages in the purchase, collection and management of portfolios of nonperforming loans.