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Tokyo Star Bank sells ¥1.95B of performing loans

Tokyo Star Bank Ltd. sold a total of ¥1.95 billion of performing loans in two tranches.

The bank sold ¥450 million of performing loans to ORIX Bank Corp. and ¥1.5 billion to an undisclosed buyer.

Tokyo Star Bank is a unit of CTBC Financial Holding Co. Ltd.

As of March 19, US$1 was equivalent to ¥111.34.