TITLE

Nonperforming Bank Loans Surge

PUB. DATE
September 2001
SOURCE
Financial Executive;Sep2001, Vol. 17 Issue 6, p11
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article reports that nonperforming loans in the U.S. banking industry increased by 26.6 percent in 2000, according to Weiss Ratings Inc., a bank rating agency. When compared to a 2.9 percent increase in 1999 and relatively small modifications documented in past years, this rise is especially significant. By the end of 2000, nonperforming loans climbed to $48.8 billion, an increase of $10.2 billion from the $38.6 billion level documented at the end of 1999, and more than 60 percent of the industry's 9,907 banks and thrifts enjoyed increases.
ACCESSION #
11861196

 

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