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In contrast, on 7 October 2008, Danske Bank wrote off a substantial sum largely due to property-related losses incurred by its Irish subsidiary – National Irish Bank. [117] The 3.18% [ 118 ] charge against the loan book of its Irish operations is the first significant write off to take place and is a modest indication of the extent of the ...
The retail industry represents 12.8% of Morocco's GDP and 1.2m people – 13% of the total workforce – are employed in the sector. Organised retail, however, represents only a fraction of domestic trade, as shoppers rely on the country's 1151 souks, markets and approximately 700,000 independent groceries and shops.
These products became New Zealand's staple and most valuable exports, underpinning the success of the economy, from the 1850s until the 1970s. [32] For example, from 1920 to the late 1930s, the dairy export quota was usually around 35% of New Zealand's total exports, and in some years made up almost 45%. [ 33 ]