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JAPAN'S SUMITOMO MITSUI, UFJ HEADS DISPUTE SLOW BAD DEBT CLEANUP.
TOKYO, Dec 2 Asia Pulse - Yoshifumi Nishikawa, president of Sumitomo Mitsui Banking Corp. (TSE:8318), and Masashi Teranishi, president of UFJ Bank, yesterday defended themselves against criticism that major banks, including theirs, have deliberately been slow in cleaning up their bad loans.
Speaking on a TV show, Nishikawa said that the bank has never attempted to postpone the disposal of bad loans, so as not to hurt its bottom line.
Referring to criticism that banks are urging small corporate borrowers to repay their loans, Teranishi, president of ...
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- Newspaper article from: Kyodo News International (Tokyo, Japan) July 7, 2004 700+ words
...partnership with UFJ Bank after its planned...tie-up with Sumitomo Mitsui Banking Corp...core unit of Sumitomo Mitsui Financial Group...by Promise, Sumitomo Mitsui will consider...percent is owned by UFJ Bank, 45 percent...
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...currently the largest. Sumitomo Mitsui was to offer to merge the...companies and banking units -- Sumitomo Mitsui Banking Corp. and UFJ Bank, keeping pace with Sumitomo...UFJ group, Nishikawa of Sumitomo Mitsui said. Sumitomo Mitsui...
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- Newspaper article from: Kyodo News International (Tokyo, Japan) August 19, 2004 700+ words
...The proposals also include Sumitomo Mitsui's willingness to infuse...200 billion yen a year. Sumitomo Mitsui's proposal calls for merging...merging the banking units -- Sumitomo Mitsui Banking Corp. and UFJ Bank -- in October that year...
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- Newspaper article from: Knight Ridder/Tribune Business News October 29, 2003 700+ words
...Oct. 29--TOKYO--Sumitomo Mitsui Banking Corp. and UFJ Bank will lower fixed interest...for more than 10 years. Sumitomo Mitsui will lower the rates fixed...percent to 4.95 percent. Sumitomo Mitsui introduced mortgage loans...
Source: HighBeam Research, JAPAN'S SUMITOMO MITSUI, UFJ HEADS DISPUTE SLOW BAD DEBT CLEANUP.