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blank.gif (49 bytes)26/02/1999, updated at 16:00        blank.gif (49 bytes)weather.gif (982 bytes)archive.gif (946 bytes)search.gif (947 bytes)

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Clearing Up Defective Loans Demanded

ĦĦĦĦThe settlement will concentrate on clearance of loans to 30 large defective borrowers and 10 bank branches with a fast growth rate of defects loan issuance will be dealt with by circulating a monthly notice of criticism, as is told by an authority from the Bank of China. Though successful work had been done to that end by the whole banking system of the Bank of China last year yet there still remains much to be desired. To ward off all unpredictable risks quality financial work is all the more demanded by the whole banking system of the Bank of China.

Economicnews 1999-02-26 Page2

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