Banks continued to make progress last quarter reducing their exposure to commercial real estate, but it is too soon to declare an end to their problems.

"We're seeing a reduced inflow of nonperforming real estate loans," said David A. Aloise, division executive for restructured real estate at Bank of Boston Corp. "That is being offset by harder work trying to get rid of problem assets."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.