Banks Take Hit In Korea: Report

Foreign banks in Korea were hit by fx and derivative losses last year, which brought down profits, according to a recent government survey.

  • 06 May 2005
Email a colleague
Request a PDF

Foreign banks in Korea were hit by fx and derivative losses last year, which brought down profits, according to a recent government survey. The Financial Supervisory Service noted that while derivative turnover increased by more than 39% last year, overall profits for foreign banks fell by 19% year-on-year. Chang Woo Kweon, senior associate in the banking supervisory department at the FSS in Seoul, told DW that much of the losses were attributed to the appreciation in the won versus the dollar as well as mark-to-market losses in derivatives, such as for interest rate products. However, Kweon noted that banks with personal banking capabilities such as HSBC and Standard Chartered made the most money onshore while JPMorgan and UBS generated the biggest losses. A total of 38 foreign banks were surveyed, with data submitted in January. From 2002 to 2003, profit from foreign firms grew by over 40%.

  • 06 May 2005

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Citi 244,235.70 910 8.87%
2 JPMorgan 223,767.95 1021 8.13%
3 Bank of America Merrill Lynch 211,276.97 750 7.68%
4 Barclays 166,062.82 634 6.03%
5 Goldman Sachs 162,877.27 537 5.92%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Jul 2017
1 HSBC 25,385.87 103 7.10%
2 Deutsche Bank 25,125.19 81 7.03%
3 Bank of America Merrill Lynch 22,023.57 59 6.16%
4 BNP Paribas 18,766.65 109 5.25%
5 Credit Agricole CIB 18,157.63 105 5.08%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 JPMorgan 12,578.87 55 8.17%
2 Citi 11,338.07 71 7.36%
3 UBS 10,682.06 44 6.93%
4 Goldman Sachs 10,419.53 53 6.76%
5 Morgan Stanley 10,194.88 57 6.62%