Arab Today, arab today savings banks set to come out from long slump in korea
Last Updated : GMT 02:18:28
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Savings banks set to come out from long slump in Korea

Arab Today, arab today

Arab Today, arab today Savings banks set to come out from long slump in Korea

South Korean savings bank
Seoul - Yonhap

South Korean savings banks' business performance improved sharply in their fiscal 2013 as a result of their efforts to clean out their balance sheets following a series of bankruptcies a few years ago, data showed on Thursday.
The combined net loss of 87 savings banks stood at 495 billion won (US$466 million) in the period from July last year to June this year, falling from 967 trillion won a year earlier, according to the data compiled based on their filings. The banks close their books in June.

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