Tai Yau earnings drop

TAI Yau Bank's profits have dipped for the second successive year, falling to $14.5 million for last year.

This followed a drop of 39 per cent to $20.1 million from $33.1 million in 1991.

However, directors of the privately-owned institution of the family of Mr Ko Fook-chuen have once again proposed a final dividend of $5 a share.

The directors have transferred just $10 million to the bank's capital reserve, topping it up to $66.5 million.