Kwong On net rises 26pc
KWONG On Bank, a unit of Japan's Fuji Bank, saw profits climb 26.1 per cent to $296.5 million for the year ended December 31 compared with $239.2 million in 1991.
Advances to customers and other accounts less provisions rose 14.5 per cent to $8 billion from $6.9 billion.
The value of the bank's investments fell 14.6 per cent to $421.2 million from $493.7 million.
The bank's current, deposit and other accounts rose 9.4 per cent to $12 billion from $10.9 billion.