01 Bank's Profit Plan Shaken as NPLs Surge to 12% in First Year
# 01 Bank# NPL# Ikegami Chugoku HD# No-financial-statement loans# Profitability plan
Key Points
- NPL ratio of 01 Bank jumps to 12% within one year of operation
- Ikegami Chugoku HD reports strong Q1 results driven by Bank of Japan rate hikes
- Loan policy without requiring financial statements faces scrutiny again
- Parent company Ikegami Chugoku Bank is based in Osaka
- Profitability plan is now under serious threat
Analysis
(Analysis pending.)