So we had tremendously severe
nonperforming asset numbers.
Its credit numbers are very strong--City National's
nonperforming asset ratio is 0.7% and net charge-offs are quite low.
''The
nonperforming asset problem has had a corrosive effect on productive growth in Japan -- and hence long-term growth prospects,'' he said.
Analysts contend that some of the bank's woes were due to Sunbeam Corp.'s loan facility, which has been a
nonperforming asset for the bank.
According to group member Nobuo Akai, a professor at the University of Hyogo, it is the first time that a group has estimated and compiled
nonperforming asset data at nationwide public land developers.
The company is now looking at other capital-raising alternatives and
nonperforming asset liquidation plans.
Additionally, credit quality continued to improve, with Enterprise Value loans decreasing 39% from the prior quarter to $64.5 million as of June 30th and
nonperforming assets down to just 0.27% of total assets."
State-run GSIS said it would sell its
nonperforming assets in Port Area, including the lot being occupied by the Manila International Container Terminal (MICT).
Nonperforming assets were USD324,000 at March 31, 2019, compared to USD269,000 at December 31, 2018.
Asset quality continues to improve with total
nonperforming assets being reduced by 38% during the past twelve months.
A Bicol lawmaker has lauded Malacanang for intensifying its drive to stamp out corruption and save on multibillion-peso subsidies squandered on
nonperforming assets (NPAs) with its abolition of "deadwood" state firms like the Partido Development Administration (PDA).
- and took over as CEO of Sussex Bank, a struggling local institution in northwestern New Jersey that was burdened with a high level of
nonperforming assets. The turnaround he helped launch - in June, the since-renamed SB One Bank announced a merger with Enterprise Bank, its second in just over a year - offers some good lessons for many business owners and executives.Anthony Labozzetta likes a challenge.