Korea

Bank apologizes and promises punishing those involved in leaking of memo regarding a regulatory investigation.

Measures taken by the government and central bank proved to be successful in hampering NPL growth.

Kookmin Bank head refuted speculations that his resignation was due to government pressure.

Big lenders are readying for fresh challenges as economy rebounds from crisis.

Lenders are barred from lending more than the amount they receive to manage their liquidity risks.

Newly-appointed SC First Bank chief Richard Hill will invest $100 million in the next two years.

The bank handles $257.12 million in funds and is geared to expand with five branches.

Kang Chung-won appointment pushes through despite allegations of bias by other candidates.

The goal of privatising Woori pushed KDIC to a $751.4 million stake sale on Tuesday.

Standard & Poor's no longer incorporates an uplift on Citibank Korea Inc and rated it on its stand-alone profile.

As economy improves, CEOs of other South Korea banks are eyeing to merge with KEB.

Standard & Poor's Ratings Services had assigned its 'A' long-term issue ratings to the Malaysian ringgit senior unsecured notes issued by Hana Bank. Hana Bank issued MYR710 million of notes or US$210 million with a maturity date of 30 December 2011, and MYR290 million or US$85.8 million of notes with a maturity date of 29 June 2012. The Republic of Korea guarantees these notes, which Hana Bank drew down under its MYR1 billion or US$296 million medium-term note program.

The two lenders grapple to slash their bad loans to comply with government's bad loans requirement.

As part of its dedication to its sustainability movement, Standard Chartered will finance renewable energy projects in Korea.

Woori, Shinhan, and Korea Exchange banks are lowering the barriers for their private banking services to win back potentially more affluent customers.

BPI aims to augment its lend to sustainable energy projects by another $106,000.