The bank is expected to sell all of these investments.
They are now 5.5 percent, and the central bank is still expected to remain on hold for some time.
The banks had been expected to offer about $500 million each.
More banks are expected to close and companies to go out of business.
In the coming days, every other major bank is expected to follow with similar announcements.
This is because central banks all have different national interests and cannot be expected to act as a united front during a crisis.
The bank is expected to cut interest rates for the third time in two months.
The bank had been expected to cut the rate this month, but only 1/2 point.
Some banks are expected to find themselves short of capital as a result.
Most banks had been expected to take several years to write off the loans.
