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The 77 Bank, Ltd. Announces Uncollectible Receivables
The 77 Bank, Ltd. announced that its customer, Yamanishi Co., Ltd. will be under the support of Enterprise Turnaround Initiative Corporation of Japan. Due to this development, there arose a concern that the claims of JPY 5,640 million and guaranty endorsement of JPY 860 million to Yamanishi Co., Ltd. may become irrecoverable or their collection may be delayed.
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