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2 CTBC Financial units sell performing loans

Two units of Taiwan's CTBC Financial Holding Co. Ltd. have sold performing loan assets.

CTBC Bank Co. Ltd. on March 20 sold US$10 million of performing loan assets to Yuanta Financial Holdings Co. Ltd. unit Yuanta Commercial Bank Co. Ltd.

In addition, Tokyo Star Bank Ltd. sold US$11.5 million worth of performing loans in six tranches between Jan. 31 and March 20.