1.   The latter was hurt by bad property loans in its Arizona and Texas subsidiaries.

2.   Analysts estimate property loans make up one-quarter of Singapore bank loans.

3.   Cultural property loans are normally protected from seizure, he explained.

4.   For lenders, these bonds have one big advantage over ordinary property loans.

5.   Investors said pessimism about defaulted property loans at banks had weighed too heavily on shares of realtors.

6.   Rising defaults on property loans have led to concerns that local banks will have to increase provisions for bad debt, hurting profits, analysts have said.

7.   The balance of the property loans, went to end-users from the upper and middle-income brackets, he said.

8.   The announcement comes five weeks after Banque Pallas was placed in administration by the Bank of France when it was unable to repay soured property loans.

9.   The fund will purchase property loans from finance companies and banks based upon prices determined by independent appraisers, according to Rerngchai.

10.   The installment loans surveyed included auto loans, personal loans, recreational vehicle loans, mobile home loans, property improvement loans and second mortgages.