Non-performing loans piled up at Japan megabanks in 2020

Mizuho Bank, Mitsubishi UFJ Financial Group (MUFG) and Sumitomo Mitsui Financial Group (SMFG) – Japan’s three megabanks – all disclosed higher levels of bad loans at end-December than 12 months’ prior, reflecting the impact of the coronavirus on the country’s economy.

The ratio of non-performing loans (NPLs) to total loans at Mizuho climbed the highest of the three, to 86 basis points at the end of Q4 2020 from 72bp in Q4 2019. Total loans amounted to ¥83.62 trillion ($794.6 billion) at end

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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: