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Banking survey shows slowdown in problem loan growth.

A preliminary survey of third-quarter 1991 data for 1,073 banks across the country conducted by Veribanc, the bank-rating service, shows a moderation of pressure on the banking system.

Problem loans at the institutions surveyed increased only 3% during the quarter, compared with an 8% rise in the previous quarter. Similarly, foreclosed real estate holdings rose 10% compared with a 13% jump in the second quarter.

Third-quarter net income stood at $1.68 billion, up 25% from the $1.33 billion earned in the second quarter, while the annualized return on assets rose to .64%, compared with .48% in the second quarter.
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Author:Baliga, Wayne J.
Publication:Journal of Accountancy
Article Type:Brief Article
Date:Feb 1, 1992
Words:102
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