Not a pretty picture

Article Abstract:

Most major South Korean banks are having problems, due largely to greed and bad lending. Many Korean companies are suffering cash-flow problems in the wake of wild expansion followed by an economic slowdown, and four of the country's major chaebols have become bankrupt. Korea First Bank, once Korea's leading bank, in one of the banks with large amounts of bad credit, because three of the failed chaebols were amongst its key customers. These problems, together with other inefficiencies in the Korean banking system, indicate a requirement for restructuring, but this seems unlikely.

Management, South Korea, Cover Story, Korea First Bank

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Spreading the net

Article Abstract:

Australian banks face challenges from new competitors and are investing in new technology to meet this challenge. There are 16 domestic banks in Australia, the biggest being the National Australia Bank (NAB). Australian banks face resistance when they close down branches, but they have lower productivity levels than US banks due to the high number of branches. The Australian government elected in Mar 1996 has set up a review of the country's financial system which will affect the future of Australian banks.

Commercial Banks, Commercial Banking, Australia, Economic aspects

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