, Korea

KEB wirthholds Q1 dividend amid doubts on Lone Star's exit

Korea Exchange Bank decided not to pay a dividend for the first quarter amid lingering doubt over U.S. fund Lone Star's controlling stake sale to Hana Financial Group Inc .

 

A KEB official said a board meeting had approved the decision not to pay a dividend.

Lone Star, which recouped most of its total 2.1 trillion won or $1.93 billion investment in KEB through a block sale and dividends, would receive no dividend as the Korean lender posted a 46 percent drop in net profit for the January-March period.

The full story is available at Reuters.com.

Follow the link for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!