Towa Bank to Sell ¥11.3bn in Securities to Cover a Single Borrower's Bad Debt
Towa Bank plans to sell about ¥11.3bn of securities for a ¥5.5bn gain, using it to absorb most of a ¥5.8bn uncollateralized loss from a single borrower, Zentoshin, and says its profit forecast for the year to March 2027 holds for now, subject to review at its August 4 earnings release.