Two Korean banks to merge

Two Korean banks to merge

Lee Kwan Woo, president of Hanil Bank (R), and Bae Chan Byung, president of Commercial Bank of Korea, announce July 31 they have agreed on an equal-footing merger to create South Korea's largest commercial bank with assets of 85.25 billion U.S. dollars. For the time being, the new bank's name will be Commercial-Hanil Bank, though a public contest will be held later to determine a new name, they said. Hanil Bank is the ountry's fourth-largest commercial bank, while Commercial Bank of Korea ranks fifth.

  • Product Code
  • ILEA001077655
  • Registered date
  • 1998/7/31 00:00:00
  • Credit
  • Kyodo / Kyodo News Images
  • Media source
  • 1998 Kyodo News
  • Media size
  • 1864 × 1713 pixel
  • Resolution
  • dpi
  • Deployment size
  • 1.15(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos
    BTM, Mitsubishi Trust announce alliance plan

    BTM, Mitsubishi Trust announce alliance plan

    TOKYO, Japan - Satoru Kishi (2nd from L), president of the Bank of Tokyo-Mitsubishi (BTM), and Akio Utsumi (3rd from L), president of Mitsubishi Trust & Banking Corp., along with Tomoaki Hirano (L), president of Nippon Trust Bank, and Hiroshi Hayashi, president of Tokyo Trust Bank, shake hands in Tokyo on April 19 after announcing an agreement to integrate their management under a joint holding company in April 2001. The two banks will create the world's fifth largest and Japan's fourth biggest banking group by assets. Mitsubishi Trust will also absorb two BTM trust subsidiaries, Nippon Trust Bank and Tokyo Trust Bank, in October 2001.