Tokyo Star Bank Ltd. sold US$12.4 million of performing loans in six tranches.

The Japanese bank sold loans worth US$4.1 million, US$69,728.28, US$207,456.51, US$2.6 million, US$2.8 million and US$2.6 million to Finland-based S-Pankki Oy, or S-Bank, according to an Oct. 5 release.

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