Q4 shows falling rate in regional banks' nonperforming CRE loans

01/28/2010 | CoStar Group

Several major regional banks reported a decline in the rate of charge-offs for their commercial real estate loan portfolios in the fourth quarter. Many, though, also acknowledged nonperforming CRE loans will continue to rise until the economy and industry stabilize. "We are encouraged by some of the recent trends but remain cautious about the pace and substance of improvement," Regions Financial Corp. President and Chief Operating Officer Grayson Hall said. "We clearly see improvement in our credit quality metrics but remain measured in our forecast regarding the pace of improvement."

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