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To: Johnny Canuck who wrote (45777)	7/20/2009 6:11:27 AM
From: Johnny Canuck	Respond to of 68409

2:31AM SEB swings to loss after Baltic write-offs (SE:SEBA) by Simon Kennedy LONDON (MarketWatch) -- Sweden's Skandinaviska Enskilda Banken (SE:SEBA) said Monday that it swung to a second-quarter net loss of 193 million kronor ($24.8 million) from a profit of 2.81 billion kronor a year earlier, due to a goodwill write-off and rising loan impairments. The group said provisions for credit losses jumped to 3.57 billion kronor from 448 million kronor a year earlier, with the Baltic countries accounting for 2.64 billion kronor of the provisions. It also wrote off 2.32 billion kronor of goodwill from acquisitions in the Baltic countries due to the economic situation in the region. Analysts polled by Dow Jones Newswires had been expecting a net profit of around 638 million kronor. The group said operating income increased by 27% to 13.17 billion kronor. 2:28AM Chinese bad-loan ratio falls in first half of 2009 by Michael Kitchen LOS ANGELES (MarketWatch) -- China's total non-performing-loan portfolio shrank during the first six months of this year, the nation's banking regulator said Monday. The total number of bad loans stood at 518.1 billion yuan ($75.83 billion) as of June, down by 42.2 billion yuan, the China Banking Regulatory Commission said, without specifying the critera used to label the loans "non-performing." It also said that the ratio to Chinese banks' total lending portfolio fell by 0.65 percentage point during the period to 1.77%. The data came even as the commission's chief, Liu Mingkang, warned over the weekend of the need to avoid loan risks and ensure capital adequacy is maintained.