22 October 2001, 09:51 Yanagisawa doubts major banks' H1 results will account for all bad loans
TOKYO (AFX-ASIA) - Minister of Financial Affairs Hakuo Yanagisawa
said he doubts the major banks will fully and accurately account in the
first half results statements all the bad loans on their balance
sheets.
"Major banks are making efforts to make clear their bad loans but I
doubt they can show every bad loan (in their first half results),"
Yanagisawa told AFX Asia at the parliament.
State Minister for Economic and Fiscal Policy Heizo Takenaka said
yesterday the regulatory Financial Services Agency should ensure that
banks account for all the bad loans on their books.
Earlier, Yanagisawa told parliamentarians that major banks should
be able to maintain substantial capital adequacy ratios even following
their recent moves to sharply increase the disposal of bad loans.
"I believe they should consider whether to increase their capital
adequacy ratio given the existing measures" to speed up disposal of
risky loans.
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