1. A Sumitomo Bank Ltd. executive in charge of recovering bad loans was shot to death in his doorway that fall. 2. Experts say the special company has so little success recovering loans because that was never really its mission. 3. Since then, Banesto has been trying to set right its balance sheet by recovering bad loans, cutting costs and selling non-financial assets. 4. The officials will assist the new company in recovering loans, especially when debtors refuse to pay or collateral is owned by organized crime figures. 5. He said the economic downturn of countries in the region had caused problems to the bank in recovering outstanding loans from defaulters. 6. A new management has assumed control of the UBL to ensure its profitability by recovering loans, reducing administrative expenses and improving its operations, he said. |
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