Korea Exchange Bank
News and overview for Korea Exchange Bank
KDB Financial targets buy of Korea Exchange Bank: report
MarketWatch | 3 days 6 hours 47 minutes ago
The chairman of South Korea's KDB Financial Group Inc. said Friday the state financial holding company plans to buy local banks, including Korea Exchange Bank, local news reports said.
Korea Exchange Bank Awards Strategic Procurement Outsourcing Agreement to IBM [Press Release]
PRNewswire | 87 days 19 hours 50 minutes ago
Korea Exchange Bank Awards Strategic Procurement Outsourcing...procurement outsourcing agreement with Korea Exchange Bank (KEB), the country's largest...pleased to bring our collaboration with Korea Exchange Bank to a new level with the strategic...
UPDATE 1-KEB shares hit 17-mth peak on Hana Fin interest
Reuters | 2 hours 30 minutes ago
SEOUL, Nov 23 (Reuters) - Shares in Korea Exchange Bank (KEB) (004940.KS) jumped more than 5 percent to the highest in more than 17 months on Monday, after bigger rival Hana Financial Group (086790.KS) expressed interest in buying a stake in the country's No.6 lender.
South Korean banks take break from dizzying rally - MarketWatch
MarketWatch | 14 days 4 hours 47 minutes ago
South Korean banks have far outstripped the broader market over the last eight months, with many of them at least doubling in value as global financial markets stabilized. But loan growth is likely to moderate next year, while an expected increase in interest rates may revive concerns about bad loans, analysts say.
Asian Stocks Rise as Metal Prices Boost Mining Shares; James Hardie Climbs
Bloomberg | 1 hour 45 minutes ago
Newcrest Mining Ltd. added 3.2 percent in Sydney as gold prices rose to a record. Rio Tinto Group climbed 3.6 percent after metal prices in London had their biggest weekly advance in a month. James Hardie surged 6.4 percent after forecasting full- year earnings at the top range of analyst estimates. Korea Exchange Bank gained 1.4 percent in Seoul after Hana Financial Group Inc. said it would consider a bid.
ASIA MARKETS NOVEMBER 23, 2009, 3:59 A.M. ET Miners Lead Asia Higher
Barron's (subscription required) | 17 minutes ago
Most major Asian markets ended higher Monday as metals stocks were bolstered after gold prices rallied to hit a fresh record high.
M&A activity to pick up as financial market thaws
Asia News Network | 6 hours 47 minutes ago
The local financial and business sectors are bracing for a wave of mergers and acquisitions.
Seoul shares rangebound;KEB jumps on Hana interest
Reuters | 7 hours 37 minutes ago
SEOUL, Nov 23 (Reuters) - Seoul shares were rangebound on Monday with gains in KEB (004940.KS) on Hana Financial's (086790.KS) interest in the bank adding support to markets, but losses in LG Elec (066570.KS) and carmakers weighed.
Report: Lone Star mulls offloading KEB to CalPERS
Broadgate Private Equity SmartBrief | 117 days 4 hours 52 minutes ago
Lone Star Funds may begin talks to sell Korea Exchange Bank to the California Public Employees' Retirement System. A price dispute earlier this month caused Lone Star's attempt to sell...
Asian Shares Higher; James Hardie Surges On Strong 2Q Result
MarketWatch | 6 hours 45 minutes ago
Asian stock markets were higher but trading in tight ranges Monday, as investors looked for fresh direction. In Australia, James Hardie Industries was in the limelight after it posted stronger-than-expected results.
Seoul shares slip; KEB, Kumho Industrial rise
Reuters | 1 hour 37 minutes ago
SEOUL, Nov 23 (Reuters) - Seoul shares ended slightly lower on Monday on losses by key technology and auto stocks including Hyundai Motor (005380.KS), but gains in banks such as KEB (004940.KS) and Kumho Industrial (002990.KS) lent support.
IBM Program to Help Students Gain Critical Mainframe Skills Grows to More Than 600 Universities [Press Release]
PRNewswire | 65 days 19 hours 49 minutes ago
...markets, as demonstrated by recent wins from customers, such as Westpac Bank of New Zealand, HDFC Bank (India), Kookmin Bank, Korea Exchange Bank, among others. For the second quarter of 2009, IBM reported a 17 percent revenue increase for...
Asian Shares Mixed; Miners Buoyant As Gold Rallies
MarketWatch | 4 hours 34 minutes ago
Asian stock markets were mixed, but trading in tight ranges Monday, as investors looked for fresh direction. In Hong Kong, Taifook was higher after Haitong Securities announced it was buying a majority stake in the brokerage while miners in the region were buoyant on surging gold prices.
Bank CEOs Gear Up for KEB Takeover
Korea Times, The | 22 hours 25 minutes ago
With the global financial meltdown showing signs of abating around the world, CEOs of local financial groups are rolling up their sleeves again to find a potential target for merger & acquisitions (M&A) in order to get the upper hand in the post-crisis era
Asian Stocks Rise on Higher Metal Prices; James Hardie, Newcrest Advance
Bloomberg | 7 hours 45 minutes ago
Newcrest Mining Ltd. added 3 percent in Sydney as gold prices increased for the seventh straight session. Rio Tinto Group climbed 2 percent after metal prices in London had their biggest weekly advance in a month. James Hardie surged 7.8 percent after forecasting full-year earnings at the top range of analyst estimates. Korea Exchange Bank gained 3.8 percent after Hana Financial Group Inc. said it would consider a bid.
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Company Overview
| Company: | Korea Exchange Bank |
|---|---|
| Industry: | Banking - Asia & Australia |
| Website: | http://www.keb.co.kr |
Consumer-oriented Korea Exchange Bank (KEB) offers loans and deposits, credit cards, insurance, investments, and private banking. Its corporate banking services include futures trading, lease financing, and lending. KEB has some 325 domestic branches, plus nearly 30 locations in 15 other countries. South Korea's government was KEB's largest shareholder until private equity firm Lone Star Funds acquired a majority stake in 2003. Lone Star reached a deal to sell KEB to KB Financial (formerly Kookmin Bank) for $7 billion in 2006, but pulled the plug on the deal amid a probe by the South Korean government. HSBC then arranged to buy Lone Star's stake in KEB for some $6 billion but terminated that deal in 2008.
Key Numbers
| Sales in U.S. Dollars (mil.) | 9,638.9 (2008) |
|---|---|
| One-year % Growth in Sales | 0.0 (2008) |
| Net Income in U.S. Dollars (mil.) | 0 () |
| One-year % Growth in Net Income | 0.0 () |
| Number of Employees | 7,065 (2008) |
| One-year % Growth in Number of Employees | 0.0 (2008) |
| Fiscal Year-End | December |