: Classifieds : MyJU :
Stories: News
Browse News Stories: « Previous Story | Next Story »

Local banks post record earnings, loss

Date Posted: 2001-06-01

The Bank of the Ryukyus, Okinawa Bank and Okinawa Kaiho Bank announced their respective balance sheets, Thursday.

The Bank of Ryukyus’ balance sheet was in the black for the first time in four years. It also posted the largest profit ever since its establishment. Okinawa Bank on the other hand was in red for the first time ever because it disposed large amount of non-performing loans at one time transaction. Okinawa Kaiho Bank lost some of its gross income but since it had disposed of its bad loans in the past, the bank earned its highest profit on record.

Meanwhile, the three banks reported the total amount of their non-performing loans to be ¥289.8 billion, ¥78.1 billion more than last year, and analysts say that this might create another difficult hurdle for them in the future.

Browse News Stories: « Previous Story | Next Story »

weather currency health and beauty restaurants Yellowpages JU Blog

OkistyleJU FacebookOkistyle

Go to advertising PDF?||?|o?L?qAE?|?}?OA?N?ga`OkiStyle?A??q?qM?oeu^?I`??N?gX?<eth>?<ETH>?ni^?IWanted!!Golden Kings ScheduleOkiNightSeeker