Asahi Bank set for loss

Asahi Bank set for loss

TOKYO, Japan - Asahi Bank Managing Director Yukio Yanase speaks at a news conference in Tokyo on March 23. Yanase said his bank will take a big loss this fiscal year to clean up bad debt and regain market trust in the banking sector. He said the sum of bad-loan disposals will be 310 billion yen, forcing the bank to suffer a group net loss of 10 billion yen in a major turnaround from an earlier projected 30 billion yen net profit.

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