Banks healthy: rating agency
Article Abstract:
International ratings agency Fitch IBCA said 2% of bank loans were currently non-performing and that banks had set aside reserves to cover approximately 20% of these non performing loans (NPLs). This showed that banks in Hong Kong were quite healthy. The return on equity under different scenarios are shown as follows: Provisions for NPLs 20% 30% 40% 2% NPLs/Loans 17.00 16.12 15.24 4% NPLs/Loans 14.27 12.51 10.75 6% NPLs/Loans 11.54 8.90 6.26 8% NPLs/Loans 7.85 4.33 0.81 10% NPLs/Loans 5.12 0.72 -3.68 *
Comment:
Hong K: Ratings agency Fitch IBCA reports that local banks are healthy, as 2% of bank loans are currently non-performing
Publication Name: HK Standard
Subject: Business, international
ISSN:
Year: 1998
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ka wah to secure $540 mn loan for housing project
Article Abstract:
Ka Wah International Merchant Finance will join other banks to lend out HK$540 mn for Tycoon Place development. The project involves 84 blocks in Tai Po. The banks who join the syndicated loan included Citic Ka Wah Bank, Union Bank, Kincheng Finance (HK), Industrial & Commercial Bank of China and Kwangtung Provincial Bank. The lending reflects the financial institutions of China backing are confident towards Hong Kong's long-term economic conditions and property market. *
Comment:
Will join other banks for syndicated loan towards Tycoon Place development
Publication Name: HK Standard
Subject: Business, international
ISSN:
Year: 1998
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Dah Sing looks into three-way bank union to weather storm
Article Abstract:
Dah Sing Bank's holding company, Dah Sing Financial Group, is studying a merger with two other medium-size banks. Michael Chan, a Jardine Fleming analyst expected the bank targeted Wing Hang Bank and Wing Lung Bank. However, Leo Wah, an analyst at G K Goh said the merger might not succeed because it was difficult to manage the merged company as there was close relationship between the two targeted banks. *
Comment:
Is 1 of 2 banks that Dah Sing Financial Group is studying for a possible merger
Publication Name: HK Standard
Subject: Business, international
ISSN:
Year: 1998
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