Thursday, Dec 10, 2009
TAIPEI (Dow Jones)--Hua Nan Commercial Bank Co. plans to recognize a loss of up to NT$50 million from the disposal of bonds issued by Dubai banks, the Economic Daily News reported Thursday, citing bank President Alex Jiunn-Chih Wang.
The bank, wholly owned by Hua Nan Financial Holding Co. (2880.TW), plans to book the asset impairment loss this month, the newspaper reported.
Newspaper Web site: http://edn.gmg.tw
-By Taipei bureau, Dow Jones Newswires; 8862-2502-2557; djnes.taipei@dowjones.com
(END) Dow Jones Newswires
10-12-09 0341GMT
