a special purpose vehicle, to acquire nonperforming assets
from Philippine banks and other financial institutions.
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 customers who want details, there are three sets of financial ratios that can be used to evaluate fiscal soundness: capital ratios, return on assets, and nonperforming assets
6 billion at the end of September -- Nonperforming assets
of $598 million rose 2 basis points to 48 basis points of total loans and mortgage-backed securities
5 trillion yen in nonperforming assets
at the end of fiscal 2001, members said Sunday.
As nonperforming assets
grew, banks were forced to increase their loan-loss reserves, resulting in lower capital.
The business daily Nihon Keizai Shimbun said in its Friday morning edition that the ailing consumer credit company plans to use the money to leverage its efforts to dispose of nonperforming assets
, boost its capital base and regain investor confidence.
As of March 31, 1995, nonperforming assets
Problems with real estate loans, including the necessity for larger loss provisions and interest lost from nonperforming assets
, contributed to the poor profit performance of these banks.
New Horizons' nonperforming assets
declined 11% to $5.
In terms of asset quality, (5) nonperforming assets
to loans plus OREO ratio and the (6) net charge-off ratio were analyzed.
have declined for the ninth consecutive quarter and are now below 6% of total assets.