Fukuoka City-based Nishi-Nippon City Bank announced it has disbanded its debt management subsidiary, NCB Turnaround and will officially liquidate it next May. The subsidiary was launched in August 2008 by combining the debt management subsidiaries of the two banks that merged to create the Nishi-Nippon City Bank. It handled the disposition of their non-performing debt, but as the bank now seems to have the problem under control, a separate entity is no longer required.
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- Nishi-Nippon City Bank Disbands Debt Management Subsidiary
Nishi-Nippon City Bank Disbands Debt Management Subsidiary
- Published: Sep 30, 2010 / Last Updated: Sep 30, 2010
