Saturday, October 3, 2009

Non Performing Loans

Ukrainian banks are not the only ones having trouble getting their money back.

"The number of U.S. lenders that can’t collect on at least 20 percent of their loans hit an 18-year high, signaling that more bank failures and losses could slow an economic recovery.

[There are] 26 firms with more than one-fifth of their loans 90 days overdue or not accruing interest as of June 30 -- a level of distress almost five times the national average ..."

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