This approach has worked extraordinarily well for us over the last decade. And we expect that it will continue to provide the foundation for a prosperous future. BIS Review 13/2002  5
The project’s debt obligations grow, the promoter loses further interest, and the project goes into further losses. A number of good banks in our system have taken the necessary action to recognize and resolve stressed loans in a timely fashion. But some others need to take more proactive action.