问题描述：
英语翻译
Southeast Asia
Since the 1997-1998 crisis,Thailand,Indonesia,Taiwan,and Malaysia have made a lot of progress addressing the problem.Many situations in these countries have been successfully restructured,the liquidity in the financial markets has greatly improved,and the economies have recovered to pre-crisis levels,thereby reducing the amount of available NPLs.Progress varies by country.Indonesia has made a considerable push over the past five years.Its central bank,Bank Indonesia,estimates that at December 31,2003,the Indonesian banks' total NPL ratio was 8.2%,which further fell to 7.8% by the end of March 2004.It should be noted that this compares with a staggering ratio of 32.8% in 1999.As a frame of reference,most Western banks aim to keep their NPL-to-total-assets ratios below 5%.
South Korea still has another $60 billion of loans to clean up,even as the amount has been reduced from $145 billion in 1999.In Korea,one in every ten consumers was in default on a credit card or personal loan.It is no surprise that a large portion of NPL sellers have been credit card companies,forced to clean up their balance sheets to meet the government's mandated non-performing loan requirement of 10%.According to PricewaterhouseCoopers,approximately $7.0 billion of non-performing credit card and personal loans were sold in 2003 alone,with Lone Star emerging as the largest buyer,accumulating $2.7 billion of that amount.
Overall,the Southeast Asian countries have decreased the amount of their NPLs from over $428 billion in 1999 to $151 billion in 2004,nearly a 65% reduction.The progress is significant but the restructuring effort continues.
Southeast Asia
Since the 1997-1998 crisis,Thailand,Indonesia,Taiwan,and Malaysia have made a lot of progress addressing the problem.Many situations in these countries have been successfully restructured,the liquidity in the financial markets has greatly improved,and the economies have recovered to pre-crisis levels,thereby reducing the amount of available NPLs.Progress varies by country.Indonesia has made a considerable push over the past five years.Its central bank,Bank Indonesia,estimates that at December 31,2003,the Indonesian banks' total NPL ratio was 8.2%,which further fell to 7.8% by the end of March 2004.It should be noted that this compares with a staggering ratio of 32.8% in 1999.As a frame of reference,most Western banks aim to keep their NPL-to-total-assets ratios below 5%.
South Korea still has another $60 billion of loans to clean up,even as the amount has been reduced from $145 billion in 1999.In Korea,one in every ten consumers was in default on a credit card or personal loan.It is no surprise that a large portion of NPL sellers have been credit card companies,forced to clean up their balance sheets to meet the government's mandated non-performing loan requirement of 10%.According to PricewaterhouseCoopers,approximately $7.0 billion of non-performing credit card and personal loans were sold in 2003 alone,with Lone Star emerging as the largest buyer,accumulating $2.7 billion of that amount.
Overall,the Southeast Asian countries have decreased the amount of their NPLs from over $428 billion in 1999 to $151 billion in 2004,nearly a 65% reduction.The progress is significant but the restructuring effort continues.
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