The Bank of Tokyo-Mitsubishi UFJ is going to lose at least ¥1 billion in bad loans linked to the same Tokyo real estate agency that has allegedly caused more than ¥10 billion in losses at Sumitomo Mitsui Banking Corp., banking industry sources have said.
BTMU is though to have extended billions of yen to companies it was introduced to by Koshi Trust. The major bank estimates that more than ¥1 billion of the loans are irrecoverable.
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