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South Korea's second largest bank ordered to merge

government-led holding companies.    The FSC, however, approved self-rescue plans submitted by Cho Hung ... a self-rescue plan submitted by Hanvit Bank, forcing the country's second largest bank to merge with other ... rejected a self-rescue plan submitted by Hanvit Bank, forcing the country's second largest bank ...

15/08/2010 - 22:48 - comment 0

Sun Hung Kai Financial launches Alpha MENA fund to tap Middle East & North Africa growth

Hung Kai Financial (“SHKF”), Hong Kong’s leading non-bank financial institution, announced ... Sun Hung Kai Financial (“SHKF”), Hong Kong’s leading non-bank financial institution, announced that it will be launching in August the SHK Alpha MENA ...

17/05/2010 - 18:28 - comment 0

South Korean policymakers agree to raise new funds for bank reform

of undercapitalized institutions including   state-controlled banks Hanvit, Cho Hung and Korea Exchange Bank ... to recover 30 trillion won ($27 billion) of public funds already spent on restructuring banks.    ... funds will be determined later but researchers have suggested the completion of bank reform could ...

15/08/2010 - 23:03 - comment 0

Asian Banker Excellence in Retail Financial Services Awards 2010

of Cho Hung Bank and LG card. Mr. Lee started his career 1971 as a branch retail manager and, after 38 years with Shinhan Bank, was named CEO and President of the bank in March 2009. The Cho Hung M&A ... three years after the merger of Cho Hung Bank, Shinhan Bank showed a strong performance improvement. ...

16/05/2010 - 16:00 - comment 0

South Korean Banks Risk more Losses on Loans to Daewoo Motor

the verge of insolvencies.  They include Korea Development Bank, Hanvit Bank, Cho Hung Bank, Korea ... Creditor banks of South Korea's Daewoo Motor Co. ... Creditor banks of South Korea's Daewoo Motor Co. risk heavy losses after Ford Motor Co. pulled out ...

19/05/2010 - 10:00 - comment 0

Saudi airports agency picks banks for huge riyal Sukuk

three banks to arrange the second tranche of its local Islamic bond programme, banking sources said ... Saudi Arabia's state airports operator has picked three banks to arrange the second tranche of its local Islamic bond programme, banking sources said on Tuesday, with a sale seen matching the firm's ...

12/06/2013 - 11:57 - comment 0

South Korean banks retain huge bad loans

loans at 9.27 trillion won, followed by Korea Exchange Bank with 5.74 trillion won, Cho Hung Bank ... followed an FSC report that most major banks were far behind schedule in carrying out reform measures ... was forced to inject another 50 trillion won into the restructuring of ailing banks. An evaluation ...

15/08/2010 - 22:54 - comment 0

Singapore banker navigates IT learning curve

Prominent Singapore banker Wee Cho Yaw is gradually ... Times</I> reported. Prominent Singapore banker Wee Cho Yaw is gradually coming ... The 71-year old founder of United Overseas Bank — one of Singapore's four biggest banks — started using ...

15/08/2010 - 23:04 - comment 0

Abu Dhabi Investment Company, Korea Development Bank and Korea Trade Promotion Agency sign cooperation deal

Company, Korea Development Bank (KDB) and the Korea Trade Promotion Agency (KOTRA) signed a cooperation ... are diversifying to include direct investments in Asia and Korea in particular," said Cho Hwan Eik, president ... on the Middle East and North Africa (MENA) and investment banking services. ...

14/08/2010 - 17:48 - comment 0

Khaleeji Commercial Bank to establish building materials company

Khaleeji Commercial Bank (KHCB), a Bahrain based Islamic private bank, announced today the intention to establish a building materials company to serve the construction wholesale and retail markets in Khaleeji Commercial Bank (KHCB), ...

14/08/2010 - 18:57 - comment 0