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Suruga Bank (8358) · RiskAchieved

Administrative Action and Partial Suspension of Loans for New Investment Properties, etc.

First written in FY2019-Q2. 1 of 3 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2019.

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ProgressHeldSoftenedWorseMaterialisedFY2019-Q2RestatedFY2019-Q32018: 120182019: 22019
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0 other companies' latest entry also says "Achieved".

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  1. FY2019AchievedAnnual report

    「In response, from 12 October 2018 through 12 April 2019, we suspended new investment real estate loans and new housing loans where the portion intended for the borrower's own residence accounted for less than 50% of the entire building.」

    The disclosed period of the partial suspension of new investment real estate loans and other lending under the Financial Services Agency's administrative action ended.
  2. FY2019-Q3RestatedAnnual report

    「The partial suspension applied from 12 October 2018 through 12 April 2019 to lending for new investment real estate and new housing loans where the portion intended for the borrower's own residence accounted for less than 50% of the entire building.」

    The disclosure continues to state the applicable period and scope of the Financial Services Agency's administrative action and the partial suspension of new investment real estate loans and other lending.
  3. FY2019-Q2MaterialisedAnnual report

    「On 5 October 2018, the Financial Services Agency imposed administrative action on us in response to the series of issues involving share-house-related loans, including a business improvement order that contained an order for the partial suspension of business. From 12 October 2018 through 12 April 2019, the partial suspension applied to lending for new investment real estate and new housing loans where the portion intended for the borrower's own residence accounted for less than 50% of the entire building.」

    The disclosure states that the Financial Services Agency imposed administrative action and that certain new investment real estate loans and other lending were partially suspended from 12 October 2018 through 12 April 2019.
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Administrative Action and Partial Suspension of Loans for New Investment Properties, etc. | Suruga Bank Ltd. (8358) | Komori