Ashikaga Bank incurs 679 bil. yen negative net worth

Ashikaga Bank incurs 679 bil. yen negative net worth

UTSUNOMIYA, Japan - Nationalized Ashikaga Bank President Norito Ikeda tells reporters in Utsunomiya, Tochigi Prefecture, on June 11 that the bank developed a negative net worth of 679.0 billion yen in fiscal 2003 due to a surge in loan-loss charges stemming mainly from stricter assessment of the performances of its corporate borrowers.

  • Product Code
  • ILEA001103560
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  • 2004/6/11 00:00:00
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  • Kyodo / Kyodo News Images
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  • 2004 Kyodo News
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  • 1864 × 1228 pixel
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