Nippon credit deal opens a window for foreign investors
Article Abstract:
Nippon Credit Bank Ltd. has agreed to allow Bankers Trust to manage its overseas assets and is expected to eventually allow an interbank exchange of equity stakes with the US bank. The move signifies an easier access for US financial companies into the Japanese market, which previously required foreign banks to start operations from scratch. Nippon forged the relationship with Bankers Trust to get foreign help for its mounting loan write-offs, estimated to be at 10% of the bank's loan portfolio.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Japan banks, awash with bad loans, prepare to take plunge into write-offs
Article Abstract:
Japanese banks are planning to write off bad property loans caused by the decline in real estate prices since 1991. The write offs are expected to affect the banks' retained earnings and assets. Some banks are planning to merge with other banks in the future. As of now, new shares are being issued to acquire additional funds for the write off. Similarly, bank reserves are tapped to provide more capital.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Sumitomo bad-debt write-off may point to a way out of Japan's banking crisis
Article Abstract:
Analysts believe Sumitomo Bank Ltd.'s (Sumitomo) recent cancellation of some 800 billion yen in bad debts could lead the industry to a solution to its long-standing debt crisis. Sumitomo and other major banks have been hobbled by bad loans made to speculators during the 1980s. Sumitomo officials are hoping that moving the bad debts off its books would allow it to increase lending.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Converted Indian palace offers oasis for travelers. Modi family and unit of Accor agree to develop midmarket hotels in India
- Abstracts: Singapore's big domestic banks, facing leaner days, are trickier investments. Kwong Yik's IPO suffers in comparison to its peers
- Abstracts: Some analysts say Asian stock markets may be awash with foreign funds in '96. Analysts question scope of Asian market recovery