Raymond Lee Wing-hung was given one task when he was appointed managing director and chief executive at Hongkong Chinese Bank (HKCB): 'Get the bank back in the black as soon as possible.' Mr Lee - who spent 20 years at rival Wing Hang Bank - had his work cut out for him:Tuesday, 6 April, 1999, 12:00am
Credit Lyonnais reduced its exposure to Asia's most crisis-affected countries by 42 per cent last year, underlining the retreat by foreign banks from the region.
Doubtful loans in Indonesia, Thailand, Malaysia, Philippines and South Korea totalled 916 million euros (about HK$7.71 billion).25 Mar 1999 - 12:00am
Hongkong Bank Malaysia's profits fell 29 per cent to M$345 million (about HK$703.11 million), as bad debts soared to $249 million, from $38 million in 1996. The bank said it had taken an extra general provision of $98 million, from $21 million, but said it was enjoying growth in interest-earning assets mainly from loans and advances.24 Feb 1998 - 12:00am
PALIBURG Development yesterday announced that the acquisition of a Yuen Long residential site in Thursday's land auction for $465 million will increase its land bank.
The acquisition was made by its wholly owned subsidiary, Cosmos Gain Investment.1 Apr 1995 - 12:00am
PEOPLE may say it is going to be an uneventful Budget and, for the most part, this could be true. But for property developers, it may provide food for thought.
Badly bruised by the Government's anti-property speculation measures, the sector's tycoons must be wondering when the Government is going to give them a break.25 Feb 1995 - 12:00am
BANKS are facing tough tests on their credit and risk management this year when they experience a possible slowdown in loan volume, higher cost of funding and an upward interest rate trend, says David Yau, managing director of Union Bank.27 Apr 1994 - 12:00am