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Article: BRIEFING - ASIA BANKING - NOV 1, 2007.

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AsiaPulse News
Article date:
November 1, 2007
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An executive briefing on banking for Nov 1, 2007, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

WOORI FINANCE HOLDINGS RECORDS 46 PCT DROP IN Q3 EARNINGS

SEOUL - Woori Finance Holdings Co. (KSE:053000), South Korea's largest financial services company, said Thursday its third-quarter earnings fell 45.5 per cent on-year due mainly to write-downs of losses from its investment in U.S. debt instruments.

Net profit came to 323.3 billion won (US$358.2 million) in the July-September period, compared with 592.6 billion won a year earlier, the ...

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