Wing Lung Bank to pay for 45% of willingness impairment
Wing Lung Bank will be profitable this year, at the recent performance of China Merchants Bank 2008 annual conference, so that the bank management.
2008, China Merchants Bank to a total of about 32 billion yuan to purchase 100% stake in Wing Lung Bank. By the enterprise natural environment, buying into, for example the influence of impairment, Wing Lung Bank in 2008 a decrease of 816 million yuan Hong Kong dollars. 53 per hundred for premium acquisition formed part of the generosity of 10.18 billion yuan, China Merchants Bank 580 million yuan provision.
China Merchants Bank president Ma Weihua said that the plan in 2013 in the successful completion of strategic integration, making cross-border Yonglong with an advantage on the Hong Kong market in the world of integrated commercial banks.
Vice leader of China Merchants Bank, Wing Lung Bank, said Zhu Qi, self-assurance makes the Wing Lung Bank to profitability this year, the next three years to accomplish money-making development in several signs than the mean grade of the commerce in Hong Kong, China Merchants Bank directed the next five years, the acquisition of Wing Lung Finance on worth for money.
Li Hao, vice head of China Merchants Bank, said the acquisition of Wing Lung Bank China Merchants Bank is a sub-acquisition, of which 47 out of 100 stake in the second part of the premium part of the acquisition of about 8.7 billion yuan in the capital retain can be counterbalance in full; and through the The first part of the acquisition of 53% stake in the premium part of the formation of the willingness impairment investigate, the end of last year in the provision of 580 million yuan. “The summation of two elements, 45% of all the willingness has been counterbalance, we have taken on more very protected evaluates, the stage of impairment provision is not low.” Li said.
Loan Modification: How to Increase Your Chances of Approval
Tags: career, business, Finance, news