S&P Comments on Japanese Regional Banks' FY2003 1Q Results Aug 03
- ID: 1802038
- August 2003
- Region: Japan
- Standard & Poors
TOKYO (Standard & Poor's) Aug. 18, 2003--The financial results of the nine Japanese regional banks rated by Standard & Poor's Ratings Services (listed below) showed a decrease in nonperforming loans (NPLs) and an increase in latent gains from securities in the first quarter of fiscal 2003. These results are within Standard & Poor's expectations, and will not have an immediate impact on the ratings on the banks. (First-quarter results disclosed by Japanese regional banks are limited, and do not include profit and loss statements.) The aggregate amount of nonperforming loans held by the nine regional banks, based on categories defined under the Financial Revitalization Law, decreased by 1% in the three months to June 30, 2003 from the previous quarter....
Companies mentioned in this report are: Hyakugo Bank Ltd.,Hokuriku Bank Ltd.,Shizuoka Bank Ltd.,Chiba Bank Ltd.,Joyo Bank Ltd. (Unsolicited Ratings),Gunma Bank Ltd.,Toho Bank Ltd.,Higo Bank Ltd. ,Kagoshima Bank Ltd.
Action: S&P Event
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