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COPYRIGHT 2003 Asia Pulse Pty Ltd
An executive briefing on banking for Nov 26, 2003, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
ECONOMIC, STOCK WOES LINGER FOR MAJOR JAPANESE BANKS
TOKYO - Although six of Japan's major banking groups secured net profits for the first half ended Sept. 30, many are concerned about the ongoing uncertainties surrounding the economic outlook and future share prices.
"The economy is showing some bright signs, but (a recovery) has yet to take hold," said Takeshi Sugihara, president of UFJ Holdings Inc. (TSE:8307), at a news conference.
LOANS TO SMALL FIRMS MAKE UP 60% OF RESONA'S BAD LOANS
TOKYO - Resona Bank announced Tuesday that loans to small companies account for 60 per cent of the 2.82 trillion yen (US$25.7 billion) in bad loans to be transferred to its rehabilitation account.
The bank will transfer a total of 3.56 trillion yen in assets such as bad loans and shareholdings to its account.
ASAHI...
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