Asia's NPLs tumble

Nearly $1 trillion of dud loans have been resolved since the crisis, according to Ernst & Young.

In its annual report on the global state of non-performing loans, Ernst Young has found that since the crisis, more than $1 trillion of NPLs have been taken off the books of Asia's asset management companies and banks. However, another $1 trillion of loans are still not performing.

Asia's banks have made remarkable progress in disposing their bad loans, but they need to keep the momentum going - they cannot afford to become complacent, says Jack Rodman, an Ernst Young managing director based in Beijing. China and Japan together account for about 85% of Asia's NPLs, and they have strong reasons for resolving their NPL problems.

In China the...

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