CTBC FinancialHolding Co. Ltd. unit Tokyo Star Bank Ltd. sold nonperforming loans worth¥123.02 million to IR Loan Servicing Inc.
Tokyo Star Bank expects to record a loss of ¥11.86 millionfrom the disposal.
Further, CTBC Financial said May 6 that unit assignedUS$9.8 million worth of performing loan assets to Siemens Financial ServicesInc. to comply with the syndication loan agreement.
As of May 9, US$1 wasequivalent to ¥108.36.