Bad loan-laden NCB asked to apply for state control

Bad loan-laden NCB asked to apply for state control

Shigeoki Togo, president of Nippon Credit Bank enters Prime Minister's Office Dec. 12 to receive a notice urging the long-term credit bank to request for temporary nationalization, as the gov't has concluded the bank, laden with huge bad loans, is effectively in a state of collapse. ==Kyodo

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