Banking News
- ICBC president unaware of KEB bid
Date: 15-Jan-2007 Sources: (Shenzhen Daily)
INDUSTRIAL and Commercial Bank of China (ICBC) president Yang Kaisheng sidestepped the question of the bank's interest in buying a South Korean bank Saturday.
Shares in Korea Exchange Bank (KEB) rose more than 5 percent Friday after a local newspaper said foreign banks, including Hong Kong and Shanghai-listed ICBC were interested in bidding for South Korea's fifth-largest bank. Asked whether ICBC would participate in bidding for KEB, ICBC's Yang told reporters: 'I have never heard of this.'
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