[Korea Selected financial newspaper reporters] found to have recorded a deficit both national banks and the Export-Import Bank of the Bank exceeds 5 trillion won last year.
According to 31, 2016, the Export-Import Bank of the audit report is published on the homepage, the Export-Import Bank recorded a net loss of 1.4692 trillion won last year. Switching losses in 2015 were 41.1 billion won in profit.
It is the first time since its founding in 1976 the Export-Import Bank recorded a deficit on an annual basis.
Industrial Bank said figured the loss of up to 3.6411 trillion won last day through the annual Management Disclosure 2016. The largest deficits since the financial crisis in 1998.
The Industrial Bank and the Export-Import Bank recorded a large deficit attributable to large surge provisions, including restructuring costs of shipbuilding, shipping, etc. ailing Daewoo Shipbuilding, STX Offshore & Shipbuilding and Hanjin Shipping.
Not only can the soundness of national banks grow worse nationals burden on government support. In this regard the Korea Development Bank said that "there is far accumulated profits can not digest itself last year without loss of government funding.
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Friday, March 31, 2017
Shipbuilding and shipping ... insolvent aftermath Acid, mercury, last year's deficit 5000000000000
