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KOOKMIN BANK TO PUSH FOR BUSINESS EXPANSION IN SECOND HALF.
SEOUL, July 3 Asia Pulse - South Korea's top lender Kookmin Bank (KSE:060000) will try to greatly expand its business in the second half with an improved business strategy, its chief said Monday.
"With a creative mind and heightened concentration, Kookmin will expand its business in the second half," Kang Chung-won said in a monthly address to employees.
"If a lender's asset growth falls below the market's growth rate, the bank may lose its growth momentum in the future."
Kang's comments came as the bank fell behind some of its rivals in asset growth as it pushed to acquire Korea Exchange Bank (KEB) from U.S. equity fund Lone Star. In the first quarter, Kookmin's assets grew 1.6 per cent year-on-year, compared with Woori Bank's 26.4 per cent expansion during the same ...
- Lone Star Funds Announces Termination of Agreement to Sell Controlling Stake in...
- Press release article from: PR Newswire November 23, 2006 700+ words
...Exchange Bank (KEB) to Kookmin Bank. John Grayken, Chairman of Lone Star Funds, stated, "We have...forward with the sale of KEB to Kookmin Bank due to the continuing investigations surrounding Lone Star's investment in KEB and...
- KOOKMIN BANK HEAD OPTIMISTIC OVER NEGOTIATIONS WITH LONE STAR.
- News wire article from: AsiaPulse News September 28, 2006 700+ words
...Pulse - The head of Kookmin Bank (KSE:060000...negotiations with Lone Star will make progress...investigation into Lone Star's 2003 purchase of KEB. The Kookmin Bank chief, however...negotiation with Lone Star will be over. He...
- Kookmin Bank head stays optimistic over negotiations with Lone Star.
- News wire article from: YON - Yonhap News Agency of Korea September 29, 2006 700+ words
...The head of Kookmin Bank, South Korea...negotiations with Lone Star will make progress...investigation into Lone Star's 2003 purchase of KEB. The Kookmin Bank chief, however...negotiation with Lone Star will be over. He...
- (5th LD) Kookmin Bank to buy Korea Exchange Bank for 6.4 tln won.
- News wire article from: YON - Yonhap News Agency of Korea March 24, 2006 700+ words
...agreement, Kookmin Bank will purchase...equity fund Lone Star and two other...Securities. Kookmin Bank will buy a 50...shares, owned by Lone Star and another...Bank stake. Kookmin Bank and Lone Star hope to complete...
- (4th LD) Kookmin Bank to buy Korea Exchange Bank for 6.4 tln won.
- News wire article from: YON - Yonhap News Agency of Korea March 23, 2006 700+ words
...agreement, Kookmin Bank will purchase...equity fund Lone Star and two other...Securities. Kookmin Bank will buy a 50...shares, owned by Lone Star and another...Bank stake. Kookmin Bank and Lone Star hope to complete...
- KOOKMIN BANK PICKED PREFERRED BIDDER FOR KOREA EXCHANGE BANK.
- News wire article from: AsiaPulse News March 23, 2006 700+ words
SEOUL, March 23 Asia Pulse - Kookmin Bank (KSE:060000), South Korea's biggest lender...Exchange Bank (KSE:004940), an official of Kookmin Bank said Thursday. Lone Star, a Texas-based fund and the largest shareholder...
- Kookmin-KEB deadline likely to be extended: Kookmin Bank head.
- News wire article from: YON - Yonhap News Agency of Korea September 10, 2006 700+ words
...10 (Yonhap) -- Kookmin Bank, South Korea...Bank (KEB) from Lone Star Fund of the U...KEB was sold to Lone Star at a below-market...extending the deal with Lone Star are going well," said Kookmin Bank head Kang Chung...
- KOOKMIN-KEB DEADLINE LIKELY TO BE EXTENDED: KOOKMIN BANK HEAD.
- News wire article from: AsiaPulse News September 11, 2006 700+ words
...11 Asia Pulse - Kookmin Bank, South Korea...KEB) from the Lone Star Fund of the U...KEB was sold to Lone Star at a below-market...extending the deal with Lone Star are going well," said Kookmin Bank head Kang Chung...
Source: HighBeam Research, KOOKMIN BANK TO PUSH FOR BUSINESS EXPANSION IN SECOND HALF.