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快三秘密

发布于:2020-01-19 13:05:10   浏览:198983
Ruthless foreigners given bad-news roleJapan’s regional banks are turning to a tried and true method of conveying bad news: asking a foreign third-party to do it for them.Banks desperately want to raise interest rates to reflect the risk of their loans. But bankers are human — they sometimes fret getting tough with longtime clients.Enter U.S. credit-rating agency Standard & Poor’s and databank consortium Risk Data Bank of Japan, Ltd. The two have jointly developed software that estimates the probability o快三秘密 f a company with total sales under 10 billion yen defaulting on its loans.Twenty banks, most of them small regionals, have already lined up for the service, which was launched in April.The model will help banks calculate the probability that a borrower in a certain industry will default on a loan within the first year. More importantly, with the endorsement of an independent foreign rating agency, banks hope the model will help loan officers justify raising interest rates.“There are few banks with the confidence and courage to declare that the rate they want to charge is the correct one,” said Yutaka Okubo, president at Risk Data Bank. The databank draws on financial information on about 60,000 firms that have failed in the last three years, provided by 41 lending institutions, including the nation’s four largest banking groups.Regional banks are thrilled.Japan’s banks earned a meager 1.9 percent interest on their loans through September. After overhead, this gives a roughly 0.9 percent profit margin — 9,000 yen for every 1 million yen loaned.That’s simply not enough, bankers say. A 12-year slide in land prices is depleting the value of collateral taken by banks as surety on loans, and banks need to defend themselves against defaults by smaller businesses, most of which are unlisted and have fewer obligations to disclose financial information.But smaller firms, aware that big, troubled borrowers enjoy favorable interest rates from big banks, have fiercely resisted regional banks’ efforts.“This database increases confidence among loan officers when they negotiate interest rates,” said Ryoji Mitsuyama, deputy head of the planning division at Fukuoka Bank. “Knowing that the interest rates they have in mind are based on a nationwide database helps them convince borrowers that the new rate is not arbitrary, but correct.”Eighty percent of the Kyushu bank’s loan portfolio is made up of those small and midsize companies.The inability of some loan officers to discuss business with borrowers without outside help has caused consternation among regulators. They say they hear over and over the same complaints about banks’ lending practices.“Businesses complain that their banks raised interest rates out of the blue, without an explanation,” said Eiji Muto, Osaka branch manager of the Bank of Japan.An irritated Financial Services Agency director said privately, “We hear that loan officers are simply unable to state that they need to raise interest rates to reflect growing risk, and that they just blame it on ‘new policy’ at the FSA,” referring to its stricter assessment of banks’ assets.Some economists believe Japan’s bankers simply feel guilty about pursuing profit.When banks raise interest rates, they are condemned for bullying the honest craftsman or small shopkeeper. When they raise fees on automatic teller machines, they trigger an antitrust investigation.“The nation still sees banks as part of a national welfare system,” said Takehiro Sato, vice president and economist at Morgan Stanley Japan Ltd. “But if Japan wants the economy to grow, we have to let banks operate like businesses.”TwitterFacebookLinkedInGET THE BEST OF THE JAPAN TIMESIN FIVE EASY PIECES WITH TAKE 5Mail the editorError ReportRepublishingCommenting PolicyJOIN THE CONVERSATIONLATEST BUSINESS STORIESWorkplace equality 'decades away' in Britain as men dominate top jobsEquality for women at work is decades away in Britain, according to a study released Monday that found just 6 percent of chief executives at leading companies are female, with representation in som...Tsai's election victory set to bolster Taiwan's buoyant marketsA winning run for Taiwan's financial markets is set to be reinforced by Saturday's landslide election victory for President Tsai Ing-wen.That's the view of market watchers and analysts, with th...Ex-drug company execs face reckoning in opioid bribery caseThe founder and former top employees of a pharmaceutical company are facing a reckoning for their role in a bribery scheme that prosecutors say boosted sales of a powerful, highly addictive painkil...