But for the five banks that closed in May, Trepp said non-performing residential real estate loans accounted for $31.4 million or 16 percent of total nonperforming
loans, while commercial and industrial loans were S5.8 million or 3 percent, followed by consumer and other loans at $11.1 million or 6 percent of all nonperforming
Bank of Ayudhya Pcl (BAY.TH), Thailand's fifth largest commercial bank by assets, is targeting its nonperforming
loans to drop to nearly five percent of total loans by the end of this year, from 5.4 percent at the end of 2009, Dow Jones has reported citing chief executive officer Mark Arnold.
The company reported diminished loan demand coupled with an increase in nonperforming
assets, but the end result was better than analysts' estimate of 48 cents a share.
For the current fiscal year, the bank expects to further narrow the net loss to 700 million yen by curbing nonperforming
loan disposal costs.
The bank attributed the fractional decline in profits in part to $1.55 million worth of "nonperforming
" loans - those that are 90 days or more delinquent - in its portfolio.
Bank of Japan (BOJ) Governor Masaru Hayami said Thursday that Japan should not relax its efforts to promote economic structural reforms and dispose of nonperforming
loans at banks following a recent economic improvement.
loans held by Thai financial institutes declined slightly to 1.59 trillion baht ($39 billion) at the end of July, representing 31.28% of total outstanding debt industry-wide, the Thai central bank said Monday.
The moves helped the Dime fend off the worried regulators, and helped reduce the thrift's total nonperforming
assets to $335 million.
Carcia, CPA, controller of Northeast Savings F.A., Hartford, Connecticut, said nonperforming
loans also affected profit margins at many S&Ls, especially in the Northeast.
* Because the region's economy fared relatively well during the 1990-91 recession, District banks recorded lower levels of nonperforming
loans as a percentage of each loan category--consumer, commercial and real estate--than did most of their national peers.
A financial and business services company, PRA Group purchases, collects and manages portfolios of nonperforming
loans in the Americas and Europe.
In the agreement, Bradesco will purchase 65% of RCB's country-leading, nonperforming
loan servicing platform in Brazil, which is currently majority owned by PRA Group.