Question-and-Answer Session
Thank you. [Operator Instructions]. Your first question comes from the line of James Abbott with FBR. Please proceed.
James Abbott
Yes, hi, good evening.
Chung Hoon Youk
How are you?
James Abbot
Doing well, thank you. Question on the underlying businesses within business loan portfolio that have experienced problems or would you expect that are they generally retail oriented or they wholesale what types of businesses are these?
Chung Hoon Youk
Well, I mean say what ever you are referring to C&I loans unsecured by (inaudible). Right, and (inaudible) then, to these lots of experience what normally from retail business such as restaurant (inaudible) and so on.
James Abbott
Restaurants and what again?
Chung Hoon Youk
(inaudible).
James Abbott
Okay. You have an estimate of the total amount of those types of loans in your portfolio?
Chung Hoon Youk
Well, there is a little confusion in our loan classification and this time I would like to clarify our classification (inaudible). Well, as Mr. as you just mentioned in fact about 70% of our loan portfolio is insured by commercial property. So, you are talking around 2.4 billion kind of loans secured by commercial real estate. And when the area of the everybody is concerning is actually unsecured business loans (inaudible) effect of the (inaudible) that approximately about 800 million and the remaining (inaudible) 100 million so on various types. That probably your question as well business loans total business loans I may say 800 million (inaudible).
James Abbott
How much of that would you say is in the retail or consumer discretionary or has some connection or close connection anyway with the construction industry?
Chung Hoon Youk
Don’t say 100 million have no relationship with construction business, and (inaudible) done by industry is not (inaudible) information we usually disclose and so comparative region have aligned to disclosing.
James Abbott
Okay. Is there a significant portion of the 800 million or would the 800 million the generally diversified and ??
Chung Hoon Youk
They have give for across the border or kind of industry.
James Aboott
And then, could you go I didn’t attach the numbers that you mentioned as far as the amount of construction of non-performing the amount of SPA non performing versus the amount of C& non performing can you go through some of those loan categories just one more time.
Jay S. Yoo
Okay on the non performing loans about 110 million in product and almost a half of them saw 51 million was for construction loan and this will address to specific full loans to make up that 51 million and about 70 million was from security business loan I mentioned and 28 million was from shared loans and this (inaudible) loan was 24 million and whether it over those 28 million was from the one C&I loan. And SBI side we have about 11 million non performing loans but one fact I would like to emphasize is that 11 million non performing loans include about 8.7 million (inaudible) so to over that exposure is very minimal around 2 million in SBI and PI.
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