Nonperforming Bank Loans Surge

September 2001
Financial Executive;Sep2001, Vol. 17 Issue 6, p11
Academic Journal
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.


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