Japanese banks raise bad loan provisions in restructuring push

United Financial of Japan, considered to be the weakest of the four, said provisions for bad loans would likely reach ¥480 billion for the year ending March 31, 2003. Mizuho’s provisions are expected to reach ¥1,040 billion, Mitsubishi Tokyo Financial, which owns Bank of Tokyo Mitsubishi (BOTM), sees provisions rising to ¥460 billion, and Sumitomo Mitsui Banking Corporation (SBMC) expects provisions to be ¥700 billion.

The backdrop of the higher provisions is, however, a drop in Japan’s non

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here