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Using asset management companies to resolve non-performing loans in China
Ma, Guonan; Fung, Ben S. C. - In: Journal of Financial Transformation 18 (2006), pp. 161-169
To address the banking system’s non-performing loan (NPL) problem, the Chinese government set up four asset management … contributions to the AMCs from both the Ministry of Finance (MoF) and the People’s Bank of China (PBC). This raises the question of … flow pressures. In response, the Chinese government has offered investment banking business licenses as incentives for the …
Persistent link: https://www.econbiz.de/10004998386
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The vanishing interest income of Chinese banks
Kauko, Karlo - 2020
Chinese banks likely have more non-performing loans (NPLs) than officially reported. As hidden NPLs earn no interest income, loan quality problems may erode the gross interest income of banks. Using stochastic frontier analysis, we estimate the interest income of a hypothetical...
Persistent link: https://www.econbiz.de/10012167271
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The impact of non-performing loan sales on the stock market : the role of corporate governance in an emerging market
Pirgaip, Burak; Uysal, Aydın - In: Borsa Istanbul Review 23 (2023) 3, pp. 674-684
Over the past decade, one popular way for Turkish banks to remove nonperforming loans (NPLs) from their balance sheets has been to sell them to asset management companies. We examine the short-term market reaction to the announcements of such NPL sales over the period 2009-2019. We also consider...
Persistent link: https://www.econbiz.de/10014308822
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The vanishing interest income of Chinese banks
Kauko, Karlo - 2020
Chinese banks likely have more non-performing loans (NPLs) than officially reported. As hidden NPLs earn no interest income, loan quality problems may erode the gross interest income of banks. Using stochastic frontier analysis, we estimate the interest income of a hypothetical...
Persistent link: https://www.econbiz.de/10012614224
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How asset management companies can help tackle the NPL crisis : a state aid perspective within the resolution framework
Grünewald, Seraina Neva; Louisse Read, Marije L. - 2022
The lingering pandemic and associated lockdown measures have undoubtedly an impact on banks’ balance sheets. It is expected that the ratio of banks’ non-performing loans (NPLs) will raise significantly once Member States fully unwind the support measures introduced to contain the impact of...
Persistent link: https://www.econbiz.de/10012795428
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Benford's law and Chinese banks' non-performing loans
Kauko, Karlo - 2019
Benford's law states that the leading significant digits in real-world data sets, provided the data span several orders of magnitude, are not normally uniformly distributed. Deviations from this law may indicate human intervention, even fraud. The data on Chinese banks' non-performing loans has...
Persistent link: https://www.econbiz.de/10012161109
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Determinants of non-performing loans: Can national asset management companies help to alleviate the problems?
Gonzales, Brenda Solis - 2020
Using a novel dataset I examine to what extent the introduction of national Asset Management Companies (AMCs) impacts the effects of bank-specific and macroeconomic determinants of the NPLs ratio for European countries. This study provides evidence on how national AMCs help to alleviate the...
Persistent link: https://www.econbiz.de/10012389276
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Determinants of non-performing loans : can national asset management companies help to alleviate the problems?
Gonzales, Brenda Solis - 2020
Using a novel dataset I examine to what extent the introduction of national Asset Management Companies (AMCs) impacts the effects of bank-specific and macroeconomic determinants of the NPLs ratio for European countries. This study provides evidence on how national AMCs help to alleviate the...
Persistent link: https://www.econbiz.de/10012242901
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Is finance good for growth? : new evidence from China
Chen, Jingzhu; Ji, Yuemei - 2022
We study the relationship between finance and growth using a sample of 275 Chinese cities during 2009-2018. We exclude a large amount of bank loans to local governments through the local government financing vehicles (LGFVs). This allows us to construct a new and better financial development...
Persistent link: https://www.econbiz.de/10013337564
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The Vanishing Interest Income of Chinese Banks
Kauko, Karlo - 2021
Chinese banks likely have more non-performing loans (NPLs) than officially reported. As hidden NPLs earn no interest income, loan quality problems may erode the gross interest income of banks. Using stochastic frontier analysis, we estimate the interest income of a hypothetical profit-maximising...
Persistent link: https://www.econbiz.de/10013250501