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Tokyo Star Bank sells nonperforming loans to IR Loan Servicing

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Tokyo Star Bank sells nonperforming loans to IR Loan Servicing

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.