Note 2-14

(14) The removal of loans to borrowers in danger of bankruptcy or worse also featured a decline in partial direct write-offs. Regarding collateral-backed and guaranteed loans de facto bankrupt and bankrupt borrowers, partial direct write-offs mean to directly write off a loan's part that cannot be recovered through sales of collateral. In this way, a part of a loan is removed from this category in advance. When a specific way (like reconstruction-oriented disposal) to dispose of the loan is fixed, the partial direct write-off is integrated into the final disposal. The decline in partial direct write-offs reflecting such technical factors can be interpreted as some progress in overall NPL disposal.