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Korean Banks to Increase Commissions Following Poor Interest Earnings

Korean Banks to Increase Commissions Following Poor Interest Earnings

SEOUL, June 15 (Korea Bizwire) – Thanks to poor net interest margins, which have reached the lowest levels in history, Korean banks are suffering from worsening profitability.  According to the Financial Supervisory Service (FSS), the net interest margin for domestic banks in Q1 2016 was 1.55 percent, which was a 0.08 percent decline from Q1 [...]

Euronet Continues Global ATM Expansion

Euronet Continues Global ATM Expansion

LEAWOOD, Kan., Jun. 15 (Korea Bizwire) — Euronet Worldwide, Inc. (Nasdaq:EEFT), today announced the addition of three new countries to its portfolio of Independent ATM Deployment (IAD) networks. The new ATMs in Malaysia, Cyprus and Portugal expand Euronet’s position as the world’s fastest growing and most geographically diverse independent ATM deployer. While expanding geographically, Euronet [...]

Korean Banks Withdrawing Loss Making ATMs

Korean Banks Withdrawing Loss Making ATMs

SEOUL, May 19 (Korea Bizwire) — Korean banks are decreasing the number of their ATMs around the nation to compensate for losses they have been facing due to a recent drop in net interest margins. According to industry representatives on May 17, the number of ATMs at 6 major Korean banks, KB Kookmin, Shinhan, Hana, [...]