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Article: Japan discloses full extent of losses. (Top 1000 World Banks).(profit ratings)(Statistical Data Included)
- Article from:
- The Banker
- Article date:
- July 1, 2002
CopyrightCOPYRIGHT 2002 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Disclosure and corporate governance in the wake of the Enron fiasco and other financial scandals have been given greatly increased importance recently and the level of disclosure has become a critical guide not only to the state of the institution but also its credibility.
Disclosing the level of non-performing loans (NPLs) is useful for gauging a bank's performance and its attitude to openness and transparency. This year 383 banks out of the Top 1000 declined to disclose their NPLs and many are believed to have higher level of NPLs than those mentioned here.
Those listed represent a wide geographic cross-section of banks from Argentina to Japan. Heading ...