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IndyMac said in a statement that about 75percentt of the new staff members were retail loan officers, and 83percentt were in the western United States.
Goldman sold the shares with the strong support of Kim Jung Tae, the bank president, who came to Kookmin from the Housing and Commercial Bank with the mission to get tough on risky loans to corporations while greatly expanding the bank's retail loan business.
Has nearly a third of India's retail loan market.
Eighty-three percent of loans originated by one of Washington Mutual's top producing retail loan officers were fraudulent.
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Retail loans have grown even faster.
The model provides an explanation for the observed relationship between retail loans and the monetary base before and after October 2008.
Undeveloped credit scoring and a lack of transparency hamper their ability to issue retail loans.
Retail loans are mainly collateralised, and used to finance purchases of cars and houses.
Retail loans, which make up one-fifth of all bank credit, now stand at 1.9 trillion rupees ($43 billion).
Citigroup, Rabobank (yet another Dutch bank) and the consumer arm of General Electric GEE) all have companies selling retail loans.
About 14 percent of all retail loans in Hungary are considered nonperforming, according to the Hungarian Financial Supervisory Authority, a regulatory body.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com