AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Close
Create a link to this page
Copy and paste this link tag into your Web page or blog:
<a href="http://www.accessmylibrary.com/coms2/summary_0286-24555530_ITM" title="Facts and information about S KOREA'S KOOKMIN BANK MAY POST LOSS IN Q3: HEAD.">S KOREA'S KOOKMIN BANK MAY POST LOSS IN Q3: HEAD.</a>
Close
Set up an RSS feed that alerts you when new articles from AsiaPulse News are available.
Frequently asked questions about RSS feeds
S KOREA'S KOOKMIN BANK MAY POST LOSS IN Q3: HEAD.
SEOUL, Oct 1 Asia Pulse - South Korea's largest lender, Kookmin Bank, may have posted a net loss in the third quarter, its head revealed today.
"Kookmin had to put up an additional 500 billion won (US$433.5 million) against lending by its credit card unit," President Kim Jung-tae said in a monthly meeting with bank employees.
"Before this provision, however, it managed to break even in the first nine months of the year."
On Tuesday, Kookmin merged with its credit card subsidiary, Kookmin Credit Card Co., which had been eating into its bottom line.
Analysts interpreted ...
Related articles from newspapers, magazines, journals, and more
For more facts and information, see all results
- Kookmin Bank announces surprise move to reduce risks to credit card.
- News wire article from: Asia Africa Intelligence Wire November 29, 2002 700+ words
...asset quality in its credit card business may further...asset quality at its credit card business. Kookmin Bank announced last month...credit quality. The credit card-related delinquency...under control," Kookmin Bank CEO Kim Jung-tae...
- Kookmin Bank president concerned about risk from credit card boom.
- News wire article from: Asia Africa Intelligence Wire September 3, 2002 700+ words
...From The Korea Herald) Kookmin Bank President Kim Jung-tae...increasing risks from the ongoing credit card boom, urging staff to strengthen...management related with the credit card business. In a monthly meeting...executives, Kim said Korea's credit card market has ...
- Q4 2006 Kookmin Bank Earnings Conference Call (English) - Part 2.
- News wire article from: The America's Intelligence Wire February 8, 2007 700+ words
...answer because he's responsible for credit card business. HYO SUNG WON, HEAD OF CREDIT CARD BUSINESS, KOOKMIN BANK: Good afternoon, my name is Won, I'm responsible for credit card business KB. As for credit card...
- Kookmin Bank planning to tie up with ING Group for bancassurance.
- News wire article from: Asia Africa Intelligence Wire November 2, 2002 700+ words
...dispose of bad loans at credit card business," he said. His...immediate plan to take its credit card affiliate Kookmin Card and...off all dud assets at the credit card businesses," Kim said. Kookmin Bank, which was formed through...
- South Korea's Kookmin Bank takes over card unit to ease liquidity crunch.
- News wire article from: Europe Intelligence Wire May 30, 2003 700+ words
...country's ailing credit card industry. At a board meeting, Kookmin Bank approved a plan...Shares of both Kookmin Bank and Kookmin Credit Card were sharply...Kookmin Bank. "Kookmin Bank's taking over the credit card unit's ...
- HEAD OF KOREA'S KOOKMIN BANK TO FACE HEAVY PUNISHMENT: FSS.
- News wire article from: Asia Africa Intelligence Wire August 26, 2004 700+ words
...merging with Kookmin Card Co., its credit card subsidiary, last year. Kookmin Bank consolidated its loss-making credit card affiliate in September 2003. Kim took the helm at Kookmin Bank in 2001 after it merged with now...
- Kookmin Bank earns W46 bil. from Lotto.
- News wire article from: Asia Africa Intelligence Wire June 16, 2003 700+ words
(From The Korea Herald) While Korean banks are struggling with recent SK Global and credit card sector crises, Kookmin Bank is racking up a considerable amount of profit from its stock investment and sale of Lotto lottery tickets...
- S KOREA'S KOOKMIN BANK FINED FOR ACCOUNTING VIOLATION.
- News wire article from: Asia Africa Intelligence Wire August 25, 2004 700+ words
...Pulse) SEOUL, Aug 25 Asia Pulse - Kookmin Bank (KSE:060000), South Korea...merging with Kookmin Card Co., its credit card subsidiary, last year. Kookmin Bank consolidated its loss-making credit card affiliate in September 2003. The...
- KOOKMIN BANK SIGNALS POLICY SHIFT ON INDEBTED LG CARD.
- News wire article from: AsiaPulse News January 8, 2004 700+ words
...its position, Kookmin Bank (KSE:060000...financial woes of LG Credit Card Co. However...nation's largest credit card firm under joint...its stance. "Kookmin Bank has decided to...crisis for its credit card arm. Industry officials said that Kookmin ...
- Kookmin Bank's third quarter profit falls 29%.
- News wire article from: Asia Africa Intelligence Wire October 26, 2002 700+ words
...s report showed that credit card delinquency rate rose...credit quality. The credit card- related delinquency is still under control," Kookmin Bank CEO Kim Jung-tae told...off rate for overdue credit card loans to 6-8 percent...
Source: HighBeam Research, S KOREA'S KOOKMIN BANK MAY POST LOSS IN Q3: HEAD.