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OUTLOOK FOR S.KOREAN BANKS REMAINS ROSY: ANALYSTS.

Publication: AsiaPulse News
Publication Date: 19-OCT-04
Format: Online - approximately 525 words
Delivery: Immediate Online Access

Article Excerpt
SEOUL, Oct 19 Asia Pulse -- The outlook for the South Korean banking industry remains rosy as its improving fundamentals more than offset the level of bad loans and other minor risks, analysts said Tuesday.

Buoyed by large interest incomes and a fall in loan-loss reserves, the country's 19 banks earned a record 3.58 trillion won (US$3.13 billion) in the first half.

With no major risk factors in the offing, the banking sector is seen as cruising...

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