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Aozora sells 37 billion yen in bad loans to gov't in FY 2000.

Publication: Japan Weekly Monitor
Publication Date: 04-JUN-01
Format: Online - approximately 432 words
Delivery: Immediate Online Access

Article Excerpt
TOKYO, May 31 Kyodo

Aozora Bank, the reincarnation of failed Nippon Credit Bank (NCB), said Thursday it sold 36.9 billion yen in bad loans to the state-run Deposit Insurance Corp. (DIC) in fiscal 2000 under a previous agreement with the government.

Aozora, which began banking operations under the new name in January, sold the bad loans of 16 firms to DIC in the...

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