Korea Exchange Bank posts much higher net.

Australasian Business Intelligence,  October, 2003  

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Oct 29, 2003 (The Asian Wall Street Journal - ABIX via COMTEX)

Korea Exchange Bank in South Korea has unveiled some solid results. It reported that net profit shot up in the third quarter of 2003. It rose to 154.1 billion won ($US129.9 million). The lender reported a strong rise in both revenue and operating profit. One bank official noted that the bank's attempts to reduce bad loans has begun to pay off. Earlier in 2003, Lone Star Funds, an investment firm based in the UK, bought a 51 stake in Korea Exchange Bank. It ...

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